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Loeb & Loeb Expands Advanced Media and Technology Department with Addition of Preeminent Outsourcing Attorney Akiba Stern

NEW YORK, NY - Loeb & Loeb LLP announced today that Akiba Stern has joined the firm as a partner in the Advanced Media and Technology Department and a member of the Technology and Outsourcing Practice Group. Stern has 30 years of experience in all manner of sophisticated commercial transactions, particularly where technology and intellectual property rights are implicated. Stern joins Loeb & Loeb from the New York office of Morgan Lewis where he was a Partner.

At Loeb & Loeb, Stern will continue to concentrate his practice on outsourcing, technology-enabled business transactions, E-commerce, technology transfers, licensing, intellectual property and joint ventures. Stern assists his clients with complex long-term sourcing and services arrangements, including outsourcing transactions and strategic alliances, as well as structuring, negotiating and implementing commercial strategies, alliance structures, pricing models, governance arrangements, change management protocols, contract administration and supplier compliance strategies.

While Stern’s outsourcing experience is across all business processes (including ITO, AD&M, F&A, HRO, KPO, Logistics, and Facilities Management) and many business verticals (including large pharmaceutical, entertainment, manufacturing, and packaged goods), he has done most of his work for financial services companies, including investment banks, hedge funds, commercial banks, insurance companies and specialty financiers. As a result, Stern has developed a significant background in asset management middle and back office outsourcings.

Chair of Loeb & Loeb’s Technology and Outsourcing Group, Ken Adler, said, “I am looking forward to working with Akiba. In our practice area, his reputation is unmatched. He is simply one of the most well regarded attorneys in the outsourcing and technology space and his solid background in working with institutional clients will be an asset to our team.”

“It’s a real win for us to get Akiba. His standing and years of experience are hard to find in this area of the law, and he will play a leading role in evolving our growing technology and outsourcing practices,” commented Michael Beck, Loeb & Loeb Co-Chairman.

“Akiba’s expertise in pharmaceutical licensing compliments the work we are already doing in all of our offices for our pharmaceutical clients,” added Co-Chairman, John Frankenheimer.

Stern has lectured widely and has published many articles regarding outsourcing, computer and Internet law and intellectual property. He received his M.B.A. from Boston University (1980); his J.D. from Boston University School of Law (1979); and his B.A. from Yeshiva University (1976).

Stern is well-known as an outsourcing lawyer with a Chambers Band 1 rating in the field. The Chambers USA and Chambers Global Leading Lawyers guides commented that with his “long track record” in the outsourcing field, the “smart and savvy” Akiba Stern is “well-known and respected” for his outsourcing work. These guides have cited Stern as “an incredibly business-oriented expert” in IT outsourcing, and as “one of the best - he makes it happen on the pressure-packed deals and understands the pressures in-house lawyers face on these.” These guides also say that Akiba is “very strong on large-scale, multitower deals.”

The Legal 500 says “Akiba Stern's 'balanced style' also comes vociferously recommended by clients, who confirm that 'his great sense of humor, very detailed knowledge of the outsourcing industry, aggressive stance with the suppliers when needed, and of course unparalleled legal knowledge' make him 'truly a unique advisor'.”

For several years, Stern has been designated as a “HRO Superstar” by HRO Today magazine, a “FAO Superstar” by FAO Today magazine, and a New York “Super Lawyer.”

Loeb & Loeb’s Technology and Outsourcing Group
The Technology and Outsourcing Group, an integral part of our Advanced Media and Technology Department, takes a results-driven, strategic approach to identifying and implementing information technology and business process outsourcing solutions designed to help clients gain maximum efficiencies in today’s global economies. As clients consider outsourcing options, our attorneys’ in-depth knowledge and years of experience in local and international outsourcing transactions is invaluable. We take a proactive approach by identifying risks and rewards, including as companies perform due diligence; address the impact on human resources and assets; prepare contracts and navigate the laws and regulations that apply to outsourcing alliances.

Loeb & Loeb LLP is a multi-service national law firm with nearly 300 attorneys focusing on select practice areas, rather than endeavoring to be all things to all clients. The firm is recognized as a leading law firm in the areas of advanced media, finance, bankruptcy, restructuring and creditors' rights, business litigation, energy, entertainment, intellectual property, mergers and acquisitions, real estate, securities, technology, and tax and wealth services. Loeb & Loeb has five domestic offices in Los Angeles, New York, Chicago, Nashville and Washington DC, and the firm has applied to open a representative office in Beijing to serve a rapidly growing number of Asian clients.