And also presumably handling physical documents and such.
Coming out of the current situation I certainly hope that travel gets back to some semblance of normal. But I do expect that we'll probably collectively decide that some of the in-person ritual can be cut back on.
AND teleconferencing. Having a team, and not just CEO/lawyer/ibanker/etc, in NY working with a team in London is far easier today, compared to before the era of cheap video conferencing. Still too far from the real thing, but jetting over to the Atlantic for a quick conversation to clear something up, and coming right back isn't as necessary as it once was.