But in 1999 the firm prepared a 10-year modernization plan for New Jersey Transit.
The firm then prepares a "financial foundation report" that can serve as the basis of a comprehensive financial strategy.
A spokesman for White & Case said that the firm "has not and does not prepare tax shelter strategies."
The firm is preparing to make its biggest push to compete with banks for customers' deposits.
The firm is now preparing a written response to the issue.
Her firm recently prepared a mailing for 2,000 corporate clients on the topic.
Many people say they believe that the firm is preparing for a large acquisition.
He accepted an offer to start work this week, helping a local firm prepare tax returns.
If sale plans fall through, the firm is preparing a chapter 11 bankruptcy, which would protect it from creditors while it reorganises its business.
Even as the firm prepares for better times, Morgan Stanley executives declined to say when an upturn in their lines of business might come.
