The mega-yacht marina at Watson Island developed by Flagstone Island Gardens LLC. Courtesy photo Yachts Can Be Expensive, Hard to Build and Subject to Litigation, So Lawyers Are Building Niche Practices Around Them
"One day it's about financing and the next day it's about a grounding or collision. But everyone works together," Michael Moore, founder of maritime boutique Moore & Company, said.
April 09, 2024 at 05:58 PM
5 minute read
Business of Law
What You Need to Know
- A boutique firm out of Florida and a global firm out of London are both finding opportunities in the world of yachting.
- The practice itself has many moving parts that touch plenty of different kinds of legal expertise.
- The practice also tends to have global issues, but it remains relatively niche as not many firms specialize in the area.
Miami long ago shed its 1980s reputation as a seamy beachside city serving as the backdrop of "Scarface." Its economy now encompasses a wide variety of legitimate sectors, having recently welcoming new ones like tech and finance. But the maritime industry is one of the city's classic businesses, and it's only gotten bigger.
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