Articles
  News
  Articles
  Presentations
  Glossary
  Inside Wire Archives

Illustrative transactions

LB3 Advises the Washington Post Company on Major Application Hosting and Management Transaction

LB3 recently advised The Washington Post Company (TWPC) on a multi-million dollar transaction for the hosting and management of mission-critical TWPC enterprise resource planning (“ERP”) software. The successful fast-track negotiation was the product of close cooperation and consultation between LB3 and TWPC’s stakeholders, a hallmark of LB3’s client-focused approach to delivering efficient and cost-effective legal and technical expertise.

Following a competitive RFP process and rigorous evaluation of vendor capabilities, TWPC selected a leading enterprise applications service provider host and manage its PeopleSoft environment and certain other applications critical for TWPC’s internal business processes. TWPC’s dynamic IT environment and perpetually evolving end-user community required a resilient and flexible application hosting and management solution that would scale with TWPC’s environment without the need for significant post-closure renegotiations.

After working closely for over a decade on a wide range of technology and telecommunications matters, LB3 and TWPC quickly and seamlessly integrated their technical, legal, and negotiation teams. To complete the transaction on an extremely aggressive timeframe in response to the demands of TWPC’s stakeholders, LB3 developed contract documents for the transaction that incorporated industry best practices, market leading end-user protections, and the unique technical requirements of the TWPC community. Working with TWPC’s project leads, LB3 negotiated the deal from start to finish quickly – allowing TWPC to complete the entire transaction within the required timeframe in a manner that achieved its major requirements.

LB3 Assists the New York City Taxi & Limousine Commission on Technology Enhancements to the New York City Taxicab Industry.

LB3 assisted the New York City Taxi & Limousine Commission (the “TLC”) with the development and implementation of a contract framework for the NYC Medallion Taxicab Technology Enhancements project that helped the TLC create a unique program. Under the program, four separate and competing system integration vendors agreed to provide certain software, hardware, networks and related services for the purpose of building and delivering custom technology enhancement solutions to the New York City taxicab industry. Working with CTGi, the TLC’s project monitoring quality assurance consultant on the project, and the City’s Law Department, LB3 advised the TLC throughout the contract preparation and negotiation phase. This advice included:

· Implementing the TLC’s policy objectives, while appropriately balancing the competing interests of the taxicab industry stakeholders, LB3 crafted and negotiated unique and flexible terms and conditions that (a) governed each vendor’s design, development, implementation, operation and maintenance of a new taxicab technology system and (b) established standards to promote fair competition amongst the vendors; and

· Negotiating the pricing schedules, performance and technical requirements documents, service levels, and service descriptions to reflect the policy and technical requirements identified by the TLC.