“What’s Hot, What’s Not in 2022?”
Of Counsel Magazine
Interviews Matt Addison
Matt Addison, Managing Partner of McDonald Carano’s Reno office, was interviewed by Of Counsel magazine for its annual report on “What’s Hot, What’s Not: A Projection of Growing and Slowing Practices in 2022.” The nationwide interview includes leaders of firms in Chicago, Kansas City, New Orleans, and Buffalo. The Legal Practice and Management Report highlighted Matt’s “sanguine outlook” that McDonald Carano expects to continue its ongoing growth trajectory across all practices in both the Reno and Las Vegas offices.
Matt’s quoted comments are excerpted below. The complete Of Counsel report can be read here.
Driving Practices in 2022
At the consistently growing Nevada-based McDonald Carano, lawyers expect several of their practice groups will be busy in the next 12 months, including estate and tax planning, real estate development, construction, business transactions, commercial litigation, gaming, and renewable energy, according to Matt Addison, managing partner of the firm’s Reno office. “We don’t have any slow areas of practice at this time and do not anticipate any in 2022. We’re very grateful for the prominent and successful market position we presently enjoy, and we’ll do everything we can to maintain it.” Addison says labor and employment work will also continue its upward arc.
Tax & Estate Planning
On the estate and tax planning front, the prospect of regulatory changes from the Biden Administration and the ongoing migration of prosperous individuals, investors, and business owners from California and elsewhere into The Silver State are both fueling the practice area’s growth. These developments are also prompting McDonald Carano to ramp up their hiring efforts and bring in more talent to meet demand. “Nevada has the second highest growth rate for six-figure income earners in the nation and our tax planning team expects to continue being very busy helping clients address significant concerns that the nation’s tax structure will change under the Biden Administration to become less friendly to wealthier individuals,” Addison says. “We’re meeting this increased demand through an ongoing, nationwide search for highly qualified attorneys, with CPAs and/or LLMs in tax, who are interested in relocating to Nevada.”
Green Energy Trend
At McDonald Carano, Addison sees the green energy trend expanding in 2022, calling renewable energy one of the “fastest growing” new industries in Nevada. “Our energy team sees no end in sight for their already booked-out work representing U.S. and international developers and investors in connection with project development, permitting, and finance of renewable energy projects,” he says. “We are involved in nearly every major renewable energy project currently underway in Nevada, which is work that will continue well into 2022, including photovoltaic projects and utility-scale wind farms.”
About McDonald Carano
McDonald Carano has been shaping Nevada’s legal, business, and policy landscape since our founding in 1949. With more than 60 lawyers and government affairs professionals working from offices in Reno, Las Vegas, and Carson City, we are Nevada’s law firm for business. Our local, national and international clients include Fortune 500 corporations, fast-growth and mid-market companies, entrepreneurs and startups, non-profit organizations, government entities, and high-net-worth individuals. Our attorneys deliver cross-discipline, one-stop, business law and government affairs counsel. Please visit mcdonaldcarano.com
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