Michael Steinig

Michael Steinig: Attorney with Eversheds Sutherland (US) LLP
  • Partner at Eversheds Sutherland (US) LLP (436 Attorneys)
  • 700 Sixth Street NW, Suite 700, Washington, DC 20001-3980
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Biography

Michael Steinig has spent almost 20 years advising clients on complex information technology and business process outsourcing transactions; software licensing and development agreements; cloud-based and other technology-based service agreements; and other strategic procurements. Over the course of his career, Michael has led some of the largest outsourcing transactions in both the private and public sectors, and has represented an array of clients including global multinational Fortune 100 companies, technology startups and leading information technology service providers.

Michael also advises clients on various aspects of data management, which is of critical importance given the increasing value-and vulnerability-of data. Michael assists clients in establishing and maintaining programs to protect the security, intellectual property and availability of their data, as well as in data licensing, data processing and data analytics transactions.

Michael serves not only as primary legal counsel but also as a lead commercial advisor, structuring and negotiating scope, pricing and all other commercial aspects of his deals. He advises on all phases of the transaction life cycle, including analyzing client operations, developing sourcing strategies, selecting suppliers, providing post-transaction support, and counseling on contract and relationship disputes. He represents clients in their most critical strategic initiatives, often in transactions that deliver millions of dollars in savings, improved service capability and increased business agility for his clients.

Before joining Eversheds Sutherland, Michael was a partner in the global sourcing group in the Washington DC office of an international law firm.

Awards and Rankings

Recognized by Chambers Global: World’s Leading Lawyers in the area of outsourcing (2019)

Recognized by Chambers USA: Guide to Leading Business Lawyers in the area of technology and outsourcing (2015-2018)

Recognized by The Legal 500 United States in the area of outsourcing (2013); mergers and acquisitions: middle-market (2016) and technology: outsourcing (2017-2018)

Experience

Advises a leading life insurance and retirement solutions client on a complex set of interrelated technology agreements for its investment back-office operations and for several consumer-facing products.
Negotiated large-scale agreements for the State of Georgia for IT infrastructure managed services for more than 85 agencies and 1,300 government entities.
Negotiated agreements with three suppliers on behalf of a direct sales client for a large, global SAP implementation.
Negotiated agreements with four leading providers on behalf of a Fortune 100 client, to enable a multi-supplier solution for enterprise-wide IT services.
Structured and negotiated comprehensive master framework agreements for an anticipated $100-plus million per year in services with several providers as part of a media client’s global applications support initiative.
Advised a global healthcare client on a human resources outsourcing transaction worth $10-plus million annually for a broad range of learning support services.
Led a transformational global IT applications maintenance deal valued at $40 million per year for one of the world’s largest providers of financial services to institutional investors.
Negotiated an infrastructure outsourcing agreement, including service desk, network, mobile and desktop services, for a large, global investment company.
Structured and negotiated a claims processing agreement for a healthcare organization that was expanding its in-house capabilities to service other healthcare plans.
Negotiated a payment gateway joint venture agreement for a global financial services company seeking to expand its service offerings to online merchants.
Led the negotiations for the outsourcing of an oil and gas corporation’s IT infrastructure and application maintenance functions in multiple jurisdictions.
Advised a Fortune 100 company’s global procurement organization on agreements for indirect goods and services, including large-scale outsourcing, IT and telecommunications transactions, and large equipment and supply purchases.

Publications

Legal Alerts

Legal Alert: January’s Privacy Blizzard (February 4, 2019)
In collaboration with Eversheds Sutherland partner Paula Barrett .
As predicted, the start of 2019 provided scant respite from the frenetic pace of privacy and cybersecurity developments during 2018. This past month alone, in a blizzard of activity, regulators ...

Legal Alert: The New York Department of Financial Services Outlines Framework for New Cybersecurity Rules (November 13, 2015)
On November 9, Anthony Albanese, Acting Superintendent of the New York Department of Financial Services (the NYDFS), sent a letter to the 18 members of the Financial and Banking Information ...

Legal Alert: NAIC Adopts New Cybersecurity Exam Tool (September 23, 2015)
On September 21, the National Association of Insurance Commissioners (the NAIC) IT Examination Working Group (the Working Group) adopted amendments to the IT section of the Financial Condition ...

Legal Alert: NAIC Cybersecurity Forum Focuses on Escalating Threats and Best Remediation Practices (September 14, 2015)
On September 10, the National Association of Insurance Commissioners (NAIC) co-sponsored a cybersecurity forum at the Center for Strategic and International Studies in Washington, DC. Featuring an ...

Legal Alert: SEC Updates Guidance on Cybersecurity (April 30, 2015)
Emphasizing the critical importance of cybersecurity to registered investment companies (RICs), including insurance separate accounts and business development companies, and to investment advisers, ...

Articles

The New Vendor Management World Under NYDFS' New Cyber Regulation (March 29, 2019)
LegalTech News
As of March 1, 2019, the New York State Department of Financial Services’ (NYDFS) cybersecurity regulation, 23 NYCRR Part 500, requires financial services institutions regulated by NYDFS to implement ...

Data Sentinel: The Evolving Role of the Attorney as Protector of Company Data (January/February 2016)
FinTech Law Report
Data. It is one of your organization’s greatest assets, and a necessary part of doing business. But in today’s financial services environment, it is also a source of one of your organization’s ...

Newsletters

Partnering Perspectives: Insights from Inside and Outside the Corporate Law Department (Spring 2018)
With emerging technology, evolving international relationships and an increased focus on corporate responsibility, companies are faced with new challenges and opportunities, a fresh perspective on ...

Presentations

Webcast: Cloud Computing Risks in Financial Services Companies: How Attorneys Can Best Help In An Increasingly SaaS-ified World (October 8, 2015)
Businesses have become increasingly reliant on SaaS (software-as-a-service) and cloud computing, particularly within the financial services industry. SaaS offerings are now the core engines for a ...

Webcast: Cloud Computing Risks in Financial Services Companies: How Attorneys Can Help in an Increasingly SaaS-ified World (July 30, 2015)
Businesses have become increasingly reliant on SaaS (software-as-a-service) and cloud computing, particularly within the financial services industry. SaaS offerings are now the core engines for a ...

News

In the News

'Training Wheels' Come Off New NY Cybersecurity Rules (March 21, 2019)
Law360
Eversheds Sutherland Partner Michael Steinig is quoted in this Law360 article discussing the New York Department of Financial Services (DFS) cybersecurity rules and what to expect now that the ...

Advisor Warning: Vet Tech Vendors Carefully (July 31, 2015)
Financial Planning
Partners Robert Pile, Michael Steinig and Mary Jane Wilson-Bilik are featured in this Financial Planning article regarding their recent webinar, “Cloud Computing Risks in Financial Services ...

Press Releases

Five Eversheds Sutherland US Attorneys, Two US Practices Recognized in 2019 Edition of Chambers Global (February 14, 2019)
Eversheds Sutherland is pleased to announce that five attorneys and two practices earned recognition in the 2019 edition of Chambers Global: World’s Leading Lawyers for Business. Chambers Global is ...

18 Eversheds Sutherland Practice Areas, 68 Attorneys Named Among Nation’s Best in 2018 Legal 500 United States (May 30, 2018)
Eversheds Sutherland (US) LLP is pleased to announce that 18 practice areas and 68 attorneys have been recognized in the 2018 edition of The Legal 500 United States, a comprehensive survey of legal ...

19 Eversheds Sutherland Practice Areas, 59 Attorneys Named Among Nation’s Best in 2018 Chambers USA (May 3, 2018)
Eversheds Sutherland (US) LLP is pleased to announce that 19 practices and 59 attorneys have earned recognition in the 2018 edition of Chambers USA: America’s Leading Lawyers for Business. Chambers ...

19 Eversheds Sutherland (US) Practice Areas, 58 Attorneys Named Among Nation’s Best in 2017 Legal 500 United States (May 31, 2017)
Eversheds Sutherland (US) LLP is pleased to announce that 19 practice areas and 58 attorneys have been ranked in the 2017 edition of The Legal 500 United States. Legal 500 is a comprehensive survey ...

20 Eversheds Sutherland (US) LLP Practice Areas, 56 Attorneys Named Among Nation’s Best in 2017 Chambers USA (May 26, 2017)
Eversheds Sutherland (US) LLP is pleased to announce that 20 practices and 56 attorneys at the firm earned recognition in the 2017 edition of Chambers USA: America’s Leading Lawyers for Business. ...

16 Sutherland Practice Areas, 59 Attorneys Named Among Nation’s Best in 2016 Legal 500 United States (June 16, 2016)
ATLANTA and WASHINGTON-Sutherland Asbill & Brennan LLP is pleased to announce that 16 practice areas and 59 attorneys have been ranked in the 2016 edition of The Legal 500 United States. Legal 500 is ...

21 Eversheds Sutherland (US) LLP Practice Areas, 56 Attorneys Named Among Nation’s Best in 2016 Chambers USA (May 27, 2016)
Eversheds Sutherland (US) LLP announces that 21 practices and 56 attorneys at the firm earned recognition in the 2016 edition of Chambers USA: America’s Leading Lawyers for Business. Chambers USA, a ...

21 Sutherland Practice Areas, 59 Attorneys Named Among Nation’s Best in 2015 Chambers USA (May 19, 2015)
ATLANTA and WASHINGTON-Sutherland Asbill & Brennan LLP announces that 21 practices and 59 attorneys at the firm earned recognition in the 2015 edition of Chambers USA: America’s Leading Lawyers for ...

Sutherland Expands Services to Technology Clients with Addition of Three Partners (April 9, 2014)
ATLANTA, AUSTIN and WASHINGTON - Sutherland Asbill & Brennan LLP announced today that Alan Albright, Robert O. Ball III and Michael A. Steinig have joined the firm as partners, expanding the firm’s ...

Areas of Practice (7)

  • Corporate
  • Digital Economy
  • Technology, Outsourcing & Procurement
  • IP Licensing & Transfers
  • Mergers & Acquisitions
  • Technology, Media & Telecommunications Transactions
  • Vendor Compliance & Management

Education & Credentials

Contact Information:
202.383.0804  Phone
www.eversheds-sutherland.com
University Attended:
Duke University, Phi Beta Kappa, B.A., summa cum laude
Law School Attended:
Harvard Law School, J.D., magna cum laude
Year of First Admission:
1998
Admission:
District of Columbia; Maryland
Memberships:

Professional Activities
Member, District of Columbia Bar Association
Secretary, Board of Directors, American Humane Association

ISLN:
914265335

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Washington, District of Columbia

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