Miami, often compared favorably for its growing prowess in the field of international arbitration with New York, has continued its stride in housing international arbitration cases. Miami is showcasing its steady strength in settling international disputes, emerging as a key player in the field.
The data from the American Arbitration Association notes that 91 cases were seated in Miami in 2023, in comparison to New York which hosted 121 cases. Despite Miami falling slightly short of New York during the past couple of years since it took the lead in 2021, local law practitioners perceive this as an indication of Miami’s solid groundwork in the space of international arbitral proceedings.
In response to Miami’s increasing prominence, numerous firms with local offices are open to enhancing their practices further. The consistent progression, even if slightly lower than New York’s numbers, is seen as a testament to the committed investment and growth of arbitration practice in the region.
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