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How a Venture Capitalist Views the Franchise Business: A Q&A with H. Scott Pressly of Roark Capital
Roark Capital is one of the most prominent private equity firms participating in the franchise industry. The company has been investing in franchise operating companies since 2001, and has invested in nine brands comprising more than 2600 locations in 50 states and 29 countries. The firm's roots are in franchising, as Neal Aronson, founder and managing partner, was co-founder of U.S. Franchise Systems, Inc., before selling the franchise operator and starting Roark Capital.
H. Scott Pressly, a Roark Capital partner, was in charge of acquisitions for U.S. Franchise Systems and is the point man for Roark's acquisition team. In this Q&A, Pressly talks about why Roark Capital believes in the franchising business, what it seeks in acquisition targets, and how franchisors can set themselves up to be attractive acquisitions and ensure a smooth transition under new ownership.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.