By Aebra Coe
As rumors swirl that U.K.-based Clyde & Co. is looking for a merger partner in Miami, experts say the move signals the mounting importance of South Florida as a hub for international dispute resolution, a service global law firms are eager to offer clients.
Large international law firms like Clyde & Co. — which, according to a Tuesday report from The Lawyer, is currently eyeing a merger in the city — have honed their international arbitration and dispute resolution practices to serve clients doing deals across borders. For those with clients in Latin America, Miami has become a "natural fit," according to Joshua Dull, managing director of Major, Lindsey & Africa's Miami office.
"Miami is increasingly becoming a more important location for international dispute resolution," Dull said. "It's centrally located, and given the demographics and cultural mix here and the large number of Spanish- and Portuguese-speaking lawyers, it's a natural place for people to come together."
It's not only the proximity and relationship to Latin America that has made Miami appealing to global firms with strong international arbitration practices, Dull said, but it is also that Miami has developed an evolved infrastructure for conducting international dispute proceedings, including a separate court set up in 2013 to exclusively handle international commercial arbitration matters.
Additionally, non-Floridian lawyers from all over the world are permitted to handle international arbitrations under Florida law.
Read more of this feature at Law360.