Parna Sabet-Stephenson Partner

Speaks:  English, French, Farsi

Year of Call: 2000 - Ontario

Primary phone: +1 416-369-4611

Fax: +1 416-862-7661


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Primary office:  Toronto

Parna Sabet-Stephenson

Parna Sabet-Stephenson is widely recognized for her expertise in all aspects of outsourcing, technology law and e-commerce. She also advises on the legal implications of emerging technologies.

With in-depth business and legal knowledge, Parna has assisted domestic and international customers and service providers in a variety of industries. She is regularly called upon in respect of technology transformation and digitization projects, and has over two decades of experience structuring, negotiating and drafting various outsourcing (BPO and ITO), joint venture, technology, complex services, collaboration and bespoke agreements. She also advises on all aspects of electronic commerce and is a member of the Canadian delegation to the e-commerce working group (Working Group IV) of the United Nations Commission on International Trade Law.

Parna leads the firm's Financial Services & Technology (FSxT), FinTech and InsurTech groups, and was named "Lawyer of the Year" for the Fintech Practice by The Best Lawyers in Canada 2023.  She assists clients in a wide range of commercial agreements in the financial services sector, including in respect of payment systems, payment processing, data sharing, open banking, fintech partnerships, mobile wallets, banking as a service, embedded insurance and the introduction of new financial products and services.

A passionate advocate for women's advancement, Parna has led and supported a number of initiatives for providing leadership and career opportunities for women, including in the tech industry. She is the co-founder of Yara Leadership Society. She was also the recipient of the Lawyer of Distinction Award by FACL, Ontario in 2023.

Parna sits on Gowling WLG's Board of Trustees.

Awards & recognition

Parna is recognized as one of Canada's top lawyers by the following publications:

  • The Best Lawyers in Canada 2024 (Fintech Practice, Information Technology and Technology Law) and "Lawyer of the Year" in Fintech Practice in 2023
  • Chambers Global: The World's Leading Lawyers for Business 2024 (Information Technology)
  • Chambers Canada: Canada's Leading Lawyers for Business 2024 (Information Technology)
  • The Canadian Legal Lexpert Directory 2024 (Corporate Commercial Law; Corporate Mid-Market; Technology Transactions; and Computer and IT Law)
  • Who's Who Legal Canada - Data 2024

Comments in Chambers Global and Chambers Canada include:

  • "Parna is a talented, diligent, thoughtful and pragmatic lawyer who delivers high-quality work. She is very much on top of all of the details and helped us secure a strong outcome in a very challenging situation." (2024)
  • "Parna Sabet-Stephenson is praised by sources as "a terrific lawyer: astute and intelligent, with great business sense." She draws upon her experience in IT law to assist a broad client base drawn from sectors including retail, transportation and telecommunications." (2021)
  • "Parna Sabet-Stephenson has a wide-ranging practice that encompasses e-commerce issues, outsourcing transactions and service agreements. Sources laud her for providing 'very practical and useful advice.'" (2020)
  • "She is praised by clients as being 'very diligent and detail-oriented' and 'excellent for higher-end outsourcing work'." (2019)
  • "She is regarded by her clients as a strong team leader with 'great industry knowledge'." (2017)
  • Parna Sabet-Stephenson handles outsourcing, e-commerce and consumer protection matters for domestic and international clients. Interviewees appreciate her tailored advice: "She provides really valuable advice and is able to move and adapt her resources as necessary." (2015)
  • "She comes highly recommended by sources, who say she is 'impressive from a substantive law perspective and from a customer service perspective' and highlight her excellent drafting skills." (2013)

Career & Recognition

Filter timeline:


  • American Bar Association
  • Canadian IT Law Association
  • L'association des juristes d'expression française de l'Ontario
  • Ontario Bar Association


  • Co-author: The Canadian Federal Financial Institutions Regulator's Increasing Emphasis on Cybersecurity, World Data Protection Report, December 2015.
  • Co-author: Cybersecurity 2.0: What's Expected of Federally Regulated Financial Institutions
  • Internet and E-commerce Law in Canada, Volume 16, Number 7, November 2015.
  • Co-author: Cybersecurity 2.0: What's Expected of Federally Regulated Financial Institutions
  • Co-author: Outsourcing for Financial Institutions - B-10 is Not Enough
  • National Banking Law Review, Volume 33, Number 2, April 2014.
  • Co-author: Outsourcing for Financial Institutions - B-10 is Not Enough


  • Speaker: RODA's 2nd Annual Diversity Conference in Partnership with the OBA Success Strategies for Diverse Lawyers (November 29, 2016).
  • Speaker: Technology Contracting Fundamentals Part 1: Confidentiality and Security 2016 IT Law Spring Forum, Toronto, Ontario (May 16, 2016).
  • Panellist: Emerging Practices in Cyber Risk Governance, 2016 National Conference for Canada's Credit Unions, Saskatoon, Saskatchewan (May 1-4, 2016).
  • Speaker: 7th Service Level Agreements Course, Federated Press, Toronto, Ontario (January 28 & 29, 2016).
  • Speaker: Service Level Agreements 3rd IT Contracting and Purchasing Course Federated Press, Toronto, Ontario (June 4 & 5, 2015).
  • Speaker: Service Level Agreements, 2nd IT Contracting and Purchasing Course, Federated Press, Toronto, Ontario (June 5 & 6, 2014).
  • Speaker: Avoiding Common Pitfalls and Traps, 6th Service Level Agreements, Federated Press, Toronto, Ontario (May 6 & 7, 2014).

Representative Work

Parna has acted for:

  • A leading telecommunications company in connection with complex commercial agreements and outsourcing agreements
  • Financial institutions in connection with various digitization projects
  • A global retailer in connection with various information technology and business process outsourcing agreements
  • Companies in a variety of sectors in offering their products and services online to Canadian businesses and consumers
  • Canadian and foreign financial institutions in the structuring and negotiation of information technology and business process outsourcing agreements, technology development initiatives and joint ventures
  • Financial institutions and processing companies in negotiating processing services agreements
  • A multinational pharmaceutical company in negotiating and drafting various outsourcing and technology agreements
  • An energy provider in connection with various technology acquisition and outsourcing agreements