Law.com reports that even after a marketwide decline, South Florida’s economy is becoming particularly more attractive for M&A work as industries – especially real estate – continue booming.
Overall mergers and acquisitions have slowed in 2022 compared with a record increase the previous year, but even signs of an economic downturn and increased rates don’t have M&A lawyers in South Florida concerned.
According to those involved in M&A deals in Florida, the state’s economy is looking poised to remain an attractive sandbox for investment.
There’s still a lot of money flowing within the M&A market, signaling that any slowdown in the overall economy hasn’t hit that market, said William McCullough, a partner at Shutts & Bowen’s Miami office and Co-Chair of the firm’s Corporate Practice Group. There’s also still a lot of demand from high-net-worth people looking to invest in the area.
“We’re still trying to operate in the reality that we’re living in today, which is monumentally busy, shorthanded perennially, because there’s just a lot of deal work to be done,” he said. “Until further notice, we’re continuing to operate as though we’re going to have a busy corporate group.”
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About William G. McCullough
William G. McCullough is a partner in the Miami office of Shutts & Bowen LLP, where he is Co-Chair of the Corporate Practice Group. William focuses his practice on the structuring of complex investment transactions and business organizations, private fund formation, and transactional and regulatory matters involving domestic and international financial institutions.