Paul M. Floyd

Partner

Paul M. Floyd

Paul M. Floyd

Paul M. Floyd is known as “Lawyer’s Lawyer.” Lawyers in private practice always need to remind themselves that while they are professionals, they are also running a business. Solos and small law firm owners frequently need legal advice about the business issues they face.

Paul provides his attorney clients with practical and legal advice regarding a wide range of issues, including:

  • Strategic planning
  • Succession planning
  • Governance and management structure
  • Compensation strategies and design
  • Law firm and lawyer departure issues

In addition to professionals, Paul also represents small business owners in a wide variety of industries acting as their "trusted advisor."

Paul’s experience as a business litigator and as a transactional attorney makes him uniquely qualified to assist his clients on matters confronting today's business clients.

Paul is AV-rated and for many consecutive years, he has been selected for inclusion by the rating service Super Lawyers, in list for Minnesota attorneys. The list recognizes lawyers for their outstanding professional achievement. Super Lawyers selects only 5 percent of the licensed active attorneys in Minnesota.

Prior to starting Wallen-Friedman & Floyd, P.A., Paul was a founding partner at Rau & Floyd, a Minneapolis-based boutique business law firm; before that he was a shareholder at Fruth & Anthony, P.A. He also practiced corporate and business law and litigation for 3 years at Arthur Chapman. Paul served as law clerk to the Honorable C. Donald Peterson of the Minnesota Supreme Court from 1983 to 1984.

Professional Activities

Paul is currently the President of the Hennepin County Bar Association (2016-2017), and a past President of Minnesota Chapter of the Federal Bar Association and a past President of the Hennepin County Bar Foundation.

Paul actively serves as a board member for several non-profit organizations, including Shepherd's Foundation US, a Ukrainian/United States related charity. 

Practice Areas

Business Advice

Business Advice

Providing business advice to a broad range of entrepreneurs and small to mid-size for-profit and not-for-profit businesses and charities, including issues relating to ownership, governance, management and operations.

Employment Litigation

Employment Litigation

Representing clients in mediations, arbitrations, and in state and federal court cases involving involving hiring offer letters, employment, non-competes, non-disclosure, change of control, separation and severance agreements.

Physician Contracts

Physician Contracts

Advising on and drafting Offer letters, Employment Agreements, Signing Bonus Agreements, Relocation Agreements, and Employee Benefits

Business Litigation

Business Litigation

Representing clients in mediations, arbitrations, and in state and federal court cases involving issues of contract damages, intellectual property rights/breaches, and the full range of business torts.

General Corporate Work

General Corporate Work

For Profit and Not for Profit Corporate Documents, Governing Documents, Articles/Bylaws/Amendments Board Resolutions, Buy-Sell and Shareholder/Member Control Agreements, Buy-out and Transfer of Ownership Agreements, Purchase of Assets/Stock Sale Agreements, Merger/Consolidation of Business Entities, and Employment (hiring offer letters and severance agreements)

Regulatory

Regulatory

Representing businesses and individuals in federal and state regulatory arenas (ranging from FINRA to professional licensing boards and departments of agriculture, health, transportation, insurance) on issues ranging from licensure and new product approval to targeted investigations and market conduct exams.

Business Transactions

Business Transactions

Advising on and drafting Master Service Agreements and Statement of Work Schedules, Licensing and Sub-Licensing Agreements, Non-Disclosure Agreements (NDAs), Supply and Distribution Agreements, and Representative and Wholesaler Agreements.

Insurance Coverage

Insurance Coverage

Conducting insurance reviews for corporate policyholders and boards of directors; tendering and negotiating recoveries under fire/property policies, crime/fidelity bonds, and general/specialty liability policies; securing benefits under disability policies; pursuing and defending coverage litigation involving indemnity and defense issues; monitoring and safeguarding excess and uninsured exposures for individual, nonprofit and corporate policyholders.

Severance Agreements

Severance Agreements

Professional Separation Agreements, Stock Buy-Back Agreements, Possible Employment Discrimination Claims, and Post-Termination Employee Benefits

Contract Drafting

Contract Drafting

Advising on and drafting corporate documents, governing documents, Articles/Bylaws/Amendments Board Resolutions, Buy-Sell and Shareholder/Member Control Agreements, Buy-out and Transfer of Ownership Agreements, Purchase of Assets/Stock Sale Agreements and Merger/Consolidation of Business Entities.

Law Firm Succession

Law Firm Succession

Advising on and drafting Buy-Sell Agreements, Of Counsel Agreements, Separation Agreements and on other transition related matters.

Paul frequently works with Roy S. Ginsberg when helping clients in this area.

Shareholder Disputes

Shareholder Disputes

Representing clients in investigations and litigation involving disputes between corporate entities and their stakeholders.

Corporate Counseling

Corporate Counseling

Advising manufacturers and service providers on contract/indemnity and risk management issues; conducting product risk assessments and product literature audits to help manufacturers reduce their product liability exposure; working with product development teams to finalize/update product warranty and warning terms, and to strengthen indemnification clauses.

Medical Employment

Medical Employment

Offer letters, Employment Agreements, Signing Bonus Agreements, Relocation Agreements, and Employee Benefits

Wills & Trusts

Wills & Trusts

Last Will and Testament/Revocable Trusts, Powers of Attorney, Health Care Directives, Irrevocable Trusts

Employment Advice

Employment Advice

Advising on Offer Letters, Employment Agreements, wage and bonus issues, deferred compensation and Change of Control Agreements, Phantom Stock Agreements and ESOP Plans, and claims of workplace discrimination.

Non-Compete Issues

Non-Compete Issues

Representing clients in drafting, interpreting and litigating non-compete clauses.