With President Donald J. Trump promising to spend at least $1 trillion on new infrastructure projects over the coming decade, construction law practices are watching to see whether the administration will create more opportunities for the already booming industry.
Steven A. Nichols, a partner with Rutan & Tucker LLP told the Daily Journal it’s difficult to miss the buzz at industry events where professionals from the construction industry speculate about potential opportunities that could arise from Trump’s proposal to revitalize national infrastructure, including bridges, roads, airports and water treatment plants.
“I would anticipate that if they do this, there will be a lot of demand for construction lawyers who can work on the transactional side,” Nichols said, noting there will also likely be a demand for finance attorneys who can advise concessionaires and assist with the drafting of contracts for public-private partnerships, which in recent years have become a more popular vehicle for financing large projects.
