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21st-Century city: Increased sophistication in Miami-Dade’s legal industry mirrors dynamics of the broadening economy

Miami-Dade’s dynamic growth and post-recession economic recovery has had tremendous spillover effects on the professional services and in particular the legal industry. Traditional practice areas for this market – namely real estate – continue to see strong growth, while other areas, such as venture capital and technology, private equity and cross-border transactions are seeing increased activity and reaping the benefits of this diversifying economy.

  • Real estate

Real estate continues to be a pillar of Miami-Dade’s economy and drives growth in the legal sector as well. Recent legal developments in real estate transactions, land use and environment provide for greater expediency in real estate development, while addressing important challenges, such as sustainability.

As Miami-Dade has urbanized, more mixed-use developments have been constructed to allow for greater density and promote the "live, work, play" lifestyle while minimizing commute times. This has resulted in more complex real estate transactions, as these developments involve several disparate parties whose interrelationships must be carefully managed and negotiated.

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