Downtown Miami. Credit: Ryan Tishken/Adobe Stock Miami Keeps Flexing Its Muscle as International Arbitration Hub
After topping New York in cases in 2021, the numbers have dipped slightly over the past two years. But law firms in the region are committed to the practice.
April 23, 2024 at 06:16 PM
6 minute read
What You Need to Know
- Miami continues competing with New York on seating international arbitration cases, according to data.
- The city's prominence in the space is also prompting local law firms to grow its expertise in that arena.
- Many of the local practitioners point to past efforts to prop up Miami as a viable host as the main reason it's competing on the global stage.
Miami continues to compete with New York in the number of international arbitration cases seated there, showing the city's continued strength in resolving international disputes.
The American Arbitration Association reported 91 cases seated in Miami in 2023, while New York hosted 121 cases. Although Miami hasn't surpassed New York in international arbitration cases since 2021, the only time that has happened, many local practitioners see the recent data as a sign that Miami has firmly established itself as a major player in the space. As a response, firms with local offices are open to beefing up those practices.
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