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Julie E. Korostoff

Member / Chair, Technology Transactions & Licensing Practice

[email protected]

+1.617.348.1638

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Julie understands that every company needs to innovate and drive efficiencies through the intelligent use of technology and data. As Chair of the firm’s Technology Transactions & Licensing Group, her practice lives at the intersection of business and technology. Over the past two decades, Julie has led nearly every type of technology transaction, helping clients as they create, scale, and refine their businesses through technology development, licensing and distribution, and the outsourcing of related business processes and services. She has earned a reputation as a trusted advisor and tenacious deal-maker keenly aligned with her client’s interests while her collaborative working style fosters sensible, value-driven outcomes for all parties involved.

Julie has a broad variety of clients and is specifically recognized for her work in the financial services and digital health industries, where she represents industry leaders and innovators.

Julie is a member of the Firm's Policy Committee.

Experience

  • Recurring representation of a major business process outsourcing service provider in the financial services sector in connection with a variety of its activities relating to its technology outsourcing business, including establishing the necessary technology infrastructure and service offering platforms, partnering or contracting with other providers (including offshore) to supplement the core client offering, responding to RFPs, preparation and negotiation of outsourcing term sheets and letters of intent, preparation and negotiation of definitive outsourcing documents, including all related schedules and supplementary agreements (e.g. service levels, security requirements, transition and de-conversion agreements) and advice and appropriate actions regarding implementation issues, including transition from prior providers.
  • Represented large financial institution in negotiation with major fintech company to offer a robo-advisory solution to registered investment advisors. 
  • Represented large financial institution in a transaction to outsource key investment portfolio accounting functions and trading platform functions.
  • Represented large financial institution in negotiated termination of long-term India-based technology outsourcing vendor relationship, with services disengagement plan and confidential settlement agreement.
  • Represented large financial institution in structuring data licensing arrangements with data aggregators for large financial institution to enable financial services customers to share personal financial data with consumer-oriented personal finance tools.
  • Represented large financial institution in the re-negotiation of long-standing arrangement with a provider of software used to support the delivery of Blue Sky compliance services and provided counsel on how client could develop its own Blue Sky compliance software without infringing on the vendor’s IP.
  • Represented the Commonwealth of Massachusetts in the termination and renegotiation of the technology development and infrastructure arrangements with CGI and Optum for the state’s health insurance exchange.
  • Represented the State of Vermont in the procurement of health insurance exchange technology infrastructure from Oracle, CGI and Optum.
  • Represented Beth Israel Deaconess Medical Center in the sale of electronic medical record assets to athenahealth.
  • Lead counsel for academic medical center in negotiation of a transaction for the procurement of a software as a service (SaaS) care management platform to be used to support the health system’s population health initiatives.
  • Ongoing representation of cloud-based healthcare technology company in the negotiation of its revenue generating customer contracts with diagnostic services providers (molecular diagnostics, toxicology, anatomic pathology, radiology, genetic testing).
  • Counselled global technology company in the development of a data governance model for cities and towns to which the client is marketing its “smart” street lighting and related technology.
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viewpoints

India Orders Shutdown Impacting Millions of Outsourced Technology and Financial Sector Workers

March 26, 2020 | Alert | By Julie Korostoff, Meredith M. Leary, Laura A. Stacey

This alert discusses what companies outsourcing critical business process functions to India should do in light of the Indian government’s order that telecom, IT, and other technology companies should, as far as possible, work from home.
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In this sixth post in our series on artificial intelligence in health care, Julie Korostoff highlights the importance of securing adequate data rights to commercialize an AI technology. The post addresses the contractual commitments that a developer of a healthcare AI tool should secure in order to have the data rights necessary for development and commercialization.
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Given the uncertainty in reimbursement from private insurance and government programs such as Medicare and Medicaid, it is important early on to consider how best to land and leverage relationships with key customers and strategic partners.
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As you take your health app from innovative idea to reality, you will be engaging in a development project that will likely entail the procurement of technology, services and perhaps even content from third parties.
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Software Audits: Strategies for Licensees

August 29, 2016 | Advisory | By Julie Korostoff

Read Mintz partner Julie Korostoff’s article on the increase in software license audits. Her article also explores the sizeable true-up payments that often follow licensing reviews and how companies can respond to audit requests, ensure compliance, and limit the scope of audits.
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News & Press

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BOSTON –Mintz announced today that 39 of its practices and 81 of its attorneys earned recognition in the 2023 edition of Chambers USA, a guide to the country’s leading law firms.
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BOSTON – Mintz is pleased to announce that it has received LPL Financial’s (LPL) first-ever Law Firm DEI Recognition Award. Presented at an in-person reception on April 18, the award recognizes a law firm that has exemplifies a commitment to diversity within the legal profession and the community.
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Firm provides pro bono legal counsel to global health nonprofit on groundbreaking initiative to slow the spread of COVID-19 in the Commonwealth of Massachusetts.
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Mintz partner and Massachusetts lawyer Julie Korostoff is one of 49 attorneys recognized as “Leaders in Their Fields” by the 2018 Chambers USA: America's Leading Lawyers for Business guide. Chambers named Korostoff a “Recognized Practitioner” in Technology.
Julie Korostoff, Co-chair of Mintz’s IT Transactions & Outsourcing Practice, and Mintz partner Ellen Janos are participating in a panel on “Operating a Successful Telemedicine Program” at the 2015 American Telemedicine Association Annual International Meeting & Trade Show.
Mintz partner Julie Korostoff is giving a presentation on "IT Contracting for Telemedicine” and participating with Mintz Partner Ellen Janos in a panel on legal and contract issues facing telemedicine programs at the 2014 American Telemedicine Association Annual International Meeting & Trade Show.
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Events & Speaking

Moderator
Apr
10
2024

The New Landscape of Healthcare 4.0

2024 US Northeast Healthcare Innovation Summit

Boston, MA

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Speaker
Sep
23
2019

Artificial intelligence (AI) and the future of healthcare

IBA Annual Conference - Seoul 2019

COEX Convention & Exhibition Center, Seoul, South Korea

Co-chair
Oct
27
2017
Panelist
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Recognition & Awards

  • Chambers USA: Massachusetts – Technology (2018 - 2023)

  • Massachusetts Lawyers Weekly: Top Women of Law Honoree (2020)

  • Nightingale’s Healthcare News: Outstanding Healthcare Information Technology Lawyers (2009)

  • Women’s Business Boston: Top Ten Women Lawyers in Boston (2009)

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Involvement

  • Member, American Health Lawyers Association
  • Member, Women's Bar Association
  • League of Women Voters
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Julie E. Korostoff

Member / Chair, Technology Transactions & Licensing Practice

Boston