New Developments and Legal Issues in OutsourcingExclusive Interview with
Richard Raysman, Holland & Knight LLP
Increased pressure to reduce costs and improve profitability and operating efficiencies have led outsourcing to become a $50 billion industry. While growing at an annual rate of 29% until the the recent credit crisis, the industry has increasingly been under legal, economic, regulatory and policy scrutiny.
According to Richard Raysman, a Partner at Holland & Knight LLP, it’s not just companies outsourcing their IT and business processes which has fueled the growth of the industry. Companies like HP NYSE:HPQ, Dell NASDAQ:DELL, Xerox NYSE:XRX and IBM NYSE:IBM have all made significant acquisitions in outsourcing as a means to increase revenues and profitability as well as to become more competitive as outsourcing had continued to grow.” This has become more important in the face of competition from Indian companies such as Wipro NYSE:WIT, Cognizant NASDAQ:CTSH and Infosys NASDAQ: INFY.
However, many factors have caused a recent decline in outsourcing. In this interview with LegalMindsTV, Raysman discusses the impact that legal and regulatory issues have had on outsourcing, as well as key business consideration such as managing the risks involved and protection of a company’s intellectual property.
Raysman points out that as companies increase outsourcing, they’ve also increased their risks — from the financial risks involved in loss of data or violations of customer privacy to protecting any competitive advantage in their processes or intellectual property.
“There’s a very high risk in outsourcing” says Raysman. “It’s not necessarily a panacea that cures all ills.”
View and download a PDF transcript of the full interview here.
Publications referenced in this interview:
“Outsourcing and Insourcing Jobs in the U.S. Economy: An Overview of Evidence Based on Foreign Investment Data,” Congressional Research Service
“Civilian Agencies Development and Implementation of Insourcing Guidelines,” United States General Accounting Office
Partner, Holland & Knight LLP
Richard Raysman concentrates on computer law, outsourcing, complex technology transactions, and intellectual property issues. He has significant experience in structuring technology transactions, and his information technology background and understanding of the law have made him uniquely qualified to represent clients for technology issues. Mr. Raysman has been selected by Chambers as one of America’s leading outsourcing lawyers. He has also been named by “Super Lawyers” as a top practitioner. He has litigated reported cases for the New York state and federal courts. Prior to practicing law, Mr. Raysman was a Systems Engineer for IBM Corporation for six years
Representative Transactional Matters
- Represented a telecommunications company in a $1.2 billion outsourcing transaction with a global manufacturing company.
- Represented a Transportation Agency in a $1 billion acquisition of an automated fare collection system.
- Represented an international manufacturing company in a $500 million worldwide outsourcing of information technology to an international service provider.
- Represented a major Hospital in a $350 million outsourcing with a major service provider.
New York and Connecticut
Brooklyn Law School, J.D.
Massachusetts Institute of Technology, B.S.
New York, NY 10007
To see a full bio, visit: http://www.hklaw.com/id77/extended1/biosRIRAYSMA/
“Technology-Related Initiatives in the New U.S. Administration” Convergence, October 2009
“Web Servers and Applications Are Increasingly Vulnerable to Attack“ New York Law Journal, July 2009
“New Economy as a Driver to Renegotiate Outsourcing Deals“ Supply Chain Management Review, June 2009
“The Effects of Blogging on Legal Proceedings“ New York Law Journal, May 2009
“Court Applies Hot News Doctrine to Online World“ New York Law Journal, April 2009
“Merchant Liability and Breaches In Payment Card Security Standards“ New York Law Journal, March 2009
“Technology Initiatives In the New Administration“ New York Law Journal, February 2009
“Renegotiation of Outsourcing Deals: Structured Method Works Best“ New York Law Journal, January 2009
“Data Breaches in Credit Card Transactions” New York Law Journal, March 2009
“Digital Rights Managing, Content Identifying Via Hi-Tech“ New York Law Journal, November 2008
“Video-Sharing Web Sites and the DMCA Safe Harbor“ New York Law Journal, October 2008
“‘Tiffany v. eBay’: Online Contributory Trademark Breach“ New York Law Journal, September 2008
“Developments Involving Telephone Consumer Protection” New York Law Journal, August 2008
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