FacultyFaculty/Author Profile

Larry Bortstein

Bortstein Legal Group

New York, NY, USA

Larry Bortstein founded the law firm of Bortstein Legal Group in 2008.  BLG is focused on supporting the business operations of its clients, with an emphasis on negotiating vendor contracts relating to technology, outsourcing, market data, general procurement and corporate real estate. 

Prior to founding BLG, Larry was the Global Head of Technology Law at Lehman Brothers. Few attorneys have more experience in crafting and implementing practical solutions for clients relating to information technology, intellectual property licensing and other commercial transactions that impact daily business operations.

Larry has negotiated hundreds of customer-side IT, IP licensing and outsourcing transactions, ranging from complex IT development, software-as-a-service, and IT and business process outsourcing transactions, to routine software license, professional services, IT re-seller, hardware purchase and maintenance, and market data transactions.

Larry has been the lead negotiator on numerous vendor-side IT, IP licensing and outsourcing transactions. From his experience in-house and as outside counsel, Larry has a unique understanding of the marketplace and the issues that matter the most to business teams and their advisors.

Global Platform

Negotiated numerous IT and business process outsourcing arrangements with vendors located in India and The People's Republic of China

Negotiated numerous transactions to support users located in EMEA

Work-Outs & Restructurings

Resolved numerous problematic vendor relationships

Restructured/unwound complex outsourcing and software-as-a-service arrangements

Led IT and vendor-related aspects of corporate acquisitions, spin-offs and restructurings, including vendor contract reviews, including transition services

Procurement Re-Engineering

Developed and implemented improved procurement contracting processes, tailored to the North American, Asian and Indian regions, to drive efficiency for small legal teams in each region

Implemented Risk-Based Contracting Model enabling non-attorney contract professionals and junior attorneys to handle routine elements of the contracting process, allowing senior attorneys to focus on high-value, high-risk issues and transactions

Streamlined Non-Disclosure Agreement (NDA) Process to efficiently handle high routine volume NDA requests from disparate regions and business lines

Free & Open Source Software

Developed and implemented an end-to-end OSS risk management process

Addressed numerous OSS issues relating to vendor arrangements

Information Security & Privacy

Partnered with IT Security and Privacy Officers to develop and implement privacy and information security standards

Implemented data protection annexes to vendor agreements to address data handling and security risks

Selected Professional Activities

Former Member, Securities Industry and Financial Markets Association (SIFMA) Technology & Regulation Committee

Former Co-Chair, SIFMA Technology & Regulation Committee Working Group on Open Source Software

Among the lead participants for the financial services industry to shape the General Public License Version 3

Former Member, SIFMA Technology & Regulation Committee subcommittees on Outsourcing and Market Data

Speaker at numerous events on outsourcing in the financial services industry

Speaker at numerous events on the topic of how to use technology and re-engineered work flows to improve efficiency in providing in-house legal support

Employment History
Bortstein Legal Group 2008 - present
Lehman Brothers 2005 - 2008
American Express 2000 - 2005
Willkie Farr & Gallagher 1994 - 2000


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