«Pandora’s Box is Open and Doing Business»: Miami Attorney Offers 2024 Outlook.

«If you’re doing just transactional work, you may want to look at expanding your horizons,» -Attorney Gary Davidson predicts new trends for the new year.

December 04, 2023

The 2023 litigation landscape across the nation has seen a dip in domestic, transactional work, hitting certain regions harder than others, according to one South Florida-based attorney who thinks Florida has been well insulated from the dip. And 2024 is looking even brighter.

“I think it’s going to be a very good year for both litigation and arbitration, especially on the international side, which is where I spend most of my time if not all of my time,” said international litigation and arbitration attorney Gary E. Davidson.

Davidson represents clients from around the globe at Diaz, Reus & Targ’s Miami office, which employs 25 attorneys locally and 130 internationally. He said a few factors contribute to this welcome, positive trend.

“I think South Florida has been insulated from a lot of [the dip] because of the sort of unique nature that we have going on, in terms of capital moving into the city, people moving into the city, companies moving into the city of Miami, and other parts of South Florida as well,” Davidson said. “But Miami, in particular, has seen a tremendous influx, and that’s driving law firms to move here from out of state.”

That growth is driving the real estate community as well because he said these people need a place to live.

The uptick in litigation and arbitration has his attention. “Nationally, we’ve seen an uptick in high-stakes commercial litigation, international litigation, and international arbitration. I don’t think there’s anything that’s going to abate that in South Florida.”