David Paris

Franchising is a multibillion-dollar industry that thrives on expansion and innovation. David Paris also liked the idea of being able to drive around visiting the business that they helped their clients buy, sell or build. This gives his work a tangible quality that most law practices don’t have.

The relationship between a franchisor and a franchisee is more paternalistic than partnership. The franchisor profits from the franchisees' top line, while the franchisee lives off of its own bottom line; the relationship is in an inherent conflict from the start.

In the world of franchise transactions, the unemployment rate and unknown future of the minimum wage are among the most prevalent topics. A low unemployment rate is generally considered a positive economic metric, but as it affects business owners, the pool from which to hire qualified employees becomes much more shallow. Most operators who own businesses in industries that rely on minimum wage employees have deep concerns about how any mandated wage increases will impact their bottom line.