PHOENIX, May 10, 2019 /PRNewswire/ — Pravati Capital, a leading litigation finance and law firm consulting company, announced today it has named Adam C. Tubbs as Director of Business Development for the Company’s New York City office.
Mr. Tubbs joins Pravati Capital from Skadden, Arps, Slate, Meagher & Flom (Skadden), where he was a litigator in the firm’s New York office for 10 years. While at Skadden, Mr. Tubbs specialized primarily in mass torts, products liability, class actions, multi-district litigations, and e-discovery, representing Fortune 500 companies in state and federal court.
In his new role, Mr. Tubbs will be responsible for leading the growth and expansion of Pravati Capital’s New York office, and working with law firms and corporate clients to evaluate and manage legal risk for potential investments in large, complex legal matters. He will report directly to Alexander Chucri, Chief Executive Officer of Pravati Capital.
“We are extremely pleased to have Adam join us to build our brand and lead our growth initiatives in the important New York market,” commented Mr. Chucri. “Adam brings extensive experience and insight as a litigator, as well as deep relationships with major New York law firms and in-house general counsels. He immediately gives us a strong advocate to educate the legal community on the significant benefits of litigation finance – from growth opportunities, to risk management, to increased success rates on recoveries and settlements.”
“This is an exciting time for Pravati Capital, as litigation finance continues to gain traction across the legal industry as a competitive business resource,” said Adam Tubbs. “Pravati Capital’s collaborative team, disciplined underwriting process, and 16 years of experience with all types of litigation enables us to create financing strategies that minimize risk and maximize impact for both law firms and corporations on the most complex matters. I look forward to being part of a dedicated team that is helping to educate and bring positive change to the business of law.”
Pravati Capital’s primary business is commercial litigation finance, which focuses on providing capital to support both law firms and corporations pursuing high merit cases. Through its law firm consulting group, Pravati Management Group, the company works with law firms to access, deploy, and manage growth capital for partner and practice acquisition and build a scalable financial infrastructure to drive growth.