PLA, A NEW PROJECT TO REVOLUTIONISE THE LEGAL INDUSTRY
WE COMBINE TWO DIFFERENT WORLDS: LITIGATION AND ALTERNATIVE INVESTMENT IN ILLIQUID ASSETS
Procurator Litigation Advisors (PLA) was founded in 2019 with the vocation of connecting two complementary worlds: the world of alternative investment in illiquid assets and that of complex litigation and arbitration.
We, as PLA’s shareholders, directors and employees, want to help develop the economy by revitalising the litigation and illiquid assets that are stagnating on companies’ balance sheets.
For example, at 2018 year-end just five IBEX 35 companies had recognised EUR 6 billion as provisions on their balance sheets as a result of litigation both in and outside Spain. Is this an opportunity?
At PLA we want to help minimise the actual costs and opportunity costs arising from legal assets. To do this, we have a team with experience in the purchase and sale of legal assets and in the tailored management of litigation and arbitration in Spain and abroad.
We propose an alternative solution to once again realise the value of those legal assets, in part or in full, without having to wait for the final judgment.
We also want to help avoid, as far as possible, the kind of insolvency proceedings that have occurred in recent years as a result, among other factors, of the slowness of the justice system. We support the business sector because we believe in it and we want to assist it in Spain and in other countries.
Procurator Litigation Advisors was founded with the mission of giving “to each his own”, as the classical Romans said, based on a fair distribution of risks.
In summary, we want to make our humble contribution to improve the Spanish procedural law system, enhancing the competitiveness of businesses in Spain, and of those foreign businesses with Spanish connections, by minimising the risk arising from their litigation assets.
Jesús Rodrigo Lavilla
Spanish government lawyer (on leave)
Read on our Blog BENEFITS OF LITIGATION FUNDING