Daniella G. Silberstein shareholder with Greenberg Traurig. Courtesy photo

Daniella Silberstein, co-chair of Jones Walker's M&A and private equity practice, has joined Greenberg Traurig in Miami, a new partner hire the firm touted as critical to advising a rising number of financial services funds in South Florida.

In a statement, Alan Annex, co-chair of Greenberg's global corporate practice, noted that a growing number of funds and sponsor groups "are increasingly calling South Florida home."

High-net-worth people and high-profile fund managers such as Carl Icahn and Barry Sternlicht have moved to Florida in recent years in an effort to avoid higher taxes stemming from the Tax Cuts and Jobs Act of 2017. The law capped state and local income and property tax deductions at $10,000, to the detriment of high-tax states like New York.

Silberstein's "strong ties to the private equity community and her experience representing funds and their portfolio companies in various stages of the investment cycle will be assets to our clients and the Miami office's expanding private equity practice," said Miami co-managing partner Jaret Davis in a statement.

Silberstein, a Miami Beach native, first joined Jones Walker in New Orleans as an associate in 2013, according to her LinkedIn page. She rose to partner in 2017 and left as co-head of its private equity and M&A practices. Before she joined Jones Walker, she began her career as an associate at Wachtell, Lipton, Rosen & Katz in 2009.

Her practice focuses on advising private equity firms and their portfolio companies in transactions, and she also advises public and private companies on a variety of corporate matters.

Notable transactions include advising publicly traded Sterling Construction Co. in its $400 million acquisition of specialty contractor Plateau Excavation. She also advised on a $50 million oil and gas transaction on behalf of Israeli energy company Navitas Petroleum.

Greenberg has made a few additions, mostly in the space of restructuring, amid the coronavirus pandemic. In March, the firm hired Baker McKenzie bankruptcy partner Ian Jack and entered into a strategic partnership with former restructuring partner Bruce Zirinsky.

The firm also lost two restructuring partners — long-time firm attorneys Mark Bloom and Paul Keenan — in April.

Jones Walker did not immediately respond to a request for comment.

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