Not so much the case now with video conferencing, bridge calls and instant messaging.
Video conferencing and bridge calls are overrated. I’ve dialed into a phone in a meeting room and it’s basically worthless. If you have everybody sitting at their desk using a webex thing half of them are screwing around on the web ignoring the meeting. And of course for a full run code review you’re talking about a week or two of these meetings that are really boring but you really want people paying attention, there’s no replacement for everybody being in the same room for something like that.