Industry insiders may be tempted to think litigation is in recession now that South Florida’s economy is on the rebound but as Alan Kluger states in the Daily Business Review, that couldn’t be further from the truth. In this new economic cycle, he’s seeing less litigation between business partners fighting for leftover scraps from failed business ventures and more disputes among partners and joint venturers fighting over the fruits of the bounty of success.
He points out that many real estate projects that were previously faltering are now flourishing. So parties that were trying to restructure deal terms to mitigate their losses now want to restore the original deal terms to reap the benefits of the rebound economy.
A dozen of our attorneys have been selected as top legal practitioners by Super Lawyers. Outstanding lawyers from more than 70 practice areas, who have attained a high-degree of peer recognition and professional achievement, are named Super Lawyers each year. Kluger Kaplan was also ranked in the “Top 100” law firms in Florida. The selection process is competitive and includes independent research, peer nominations and peer evaluations.
Prior to the 2008 recession, the South Florida skyline was teeming with cranes as the real estate market boomed. But then the newly or partially completed projects remained empty as developers and brokers were unable to sell residential and commercial properties and projects. With the entire real estate community reeling, brokers, developers, lenders, investors and buyers and sellers often turned to the courthouse to resolve issues that emerged as the South Florida real estate market was plummeting. As we emerge from the recession, a review of the events of the past few years may help to avoid future litigation.
A year ago, I blogged about how the changing real estate market in South Florida was impacting ongoing litigation dealing with real estate transactions. As South Florida real estate values continue to rise, the litigation needs of our clients that work in real estate are changing rapidly and we are constantly evolving our strategies to meet the needs of our clients, their current projects, and their long-term goals.