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Steve F. Wood

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Steve Wood, shareholder in the Nashville office, is chairman of the Business Technology Group at Baker Donelson. 

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Financial Institutions and Data Breach Diligence May 25, 2016

Professional Biography

Overview

Mr. Wood counsels tech companies, venture capital funds, health care providers, and financial services companies in a broad array of business and corporate transactional matters, from company formation, acquisitions, and financing transactions to health IT deals, and advises clients on privacy, information security, and HIPAA, GLBA, and PCI compliance matters.

Mr. Wood is well-versed in securities law and taxation and he has particular experience with software licensing and development agreements.  He served as the Chief Information Security Officer for Baker Donelson from 2009 – 2018.

In addition to more than 25 years as a lawyer (including five years as a law professor at Vanderbilt Law School), Mr. Wood draws upon significant real-world business experience in representing his clients. He had a career in banking and commercial real estate finance prior to law school and later co-founded and was CEO of a successful financial services software business, including two years as division executive of the NYSE-listed firm that ultimately acquired his company. He also has served as an advisor and business consultant to several technology-related start-ups. These hands-on business experiences provide a valuable foundation for understanding the client’s strategic objectives beyond a purely legal perspective.

Professional Honors & Activities
  • Listed in The Best Lawyers in America® in Business Organizations (including LLCs and Partnerships) (2015 – 2020); Privacy and Data Security Law (2018 – 2020); Technology Law (2018 – 2020)
  • Named the Best Lawyers' 2020 Nashville "Lawyer of the Year" in Technology Law
  • Named the Best Lawyers' 2019 and 2017 Nashville "Lawyer of the Year" in Business Organizations (including LLCs and Partnerships) 
  • Board of Directors, Nashville Capital Network (angel investing and entrepreneurial guidance organization)
  • Board of Directors, Nashville Technology Council
  • Founding Director, Nashville Entrepreneur Center 
  • American Health Lawyers Association
  • American Bar Association, Section on Science and Technology
Other Work Experience
  • Professor, Vanderbilt University Law School, and Adjunct Professor, Vanderbilt Owen Graduate School of Management
  • Business consultant and advisor to technology-oriented businesses
  • Division Executive, Ocwen Financial Corporation (NYSE:OCN)
  • Founder and CEO, Synergy Software, Inc. (financial services software)
  • Vice President, Woodmark, Inc. (real estate finance and investment services)
  • Real Estate Lending Officer, NCNB National Bank (predecessor to Bank of America)
Representative Matters
  • Privacy and information security – Business Associate Agreements, regulatory compliance issues (HIPAA, GLBA, PCI, state law), information security requirements in vendor contracts, data breaches
  • Health information technology – development, licensing, and hosting agreements
  • IT aspects of hospital acquisitions – complicated transition services agreements
  • Software license agreements – both installed and hosted/ SaaS/cloud applications
  • Mobile apps (iPhone and Android) – development, hosting, and content management agreements
  • Software application development agreements
  • Data center hosting agreements
  • Large-scale IT outsourcing agreements
  • Online platform and web site click-through Terms of Service and Privacy Policies
  • Source code license and escrow agreements
  • Venture capital and angel financing – both investor and company representation
  • Outside general counsel – broad business-legal counsel to start-up and emerging companies
Speaking Engagements
  • "Partnering with Large Corporations," Health: Further 2016 Conference, Nashville, Tennessee (August 2016)
  • "Financial Institutions and Data Breach Diligence" (May 2016)
  • "Cybersecurity Forum with Israel and the American South," Atlanta, Georgia (August 2015)
  • "Handing Over the Keys to the Kingdom: The New Focus on Vendor Management in Information Security," Tennessee HIMSS (May 2015)
  • "Data has Left the Building: Understanding the Security Side of HIPAA" (December 2013)

Awards

Education

  • Vanderbilt University Law School, J.D., 1991
    • Associate Editor, Vanderbilt Law Review
  • Indiana University School of Business, B.S. in Business Economics with high distinction, 1983
    • Beta Gamma Sigma

Admissions

  • Tennessee, 1991

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