Pravati Capital announces new scholarship for ASU Law students
Pravati Capital, a leading litigation finance and consulting firm based in Scottsdale, Arizona, announced Dec. 8 the establishment of the Pravati Capital Endowed Scholarship, supporting the exceptionally gifted students at the Sandra Day O'Connor College of Law at Arizona State University.
Pravati's commitment to the ASU Foundation for a New American University supports student success in the field of law within the state of Arizona and across the world.
"We are extremely proud to support the future of law professionals at the Sandra Day O'Connor College of Law at Arizona State University and make a positive contribution to our community," said Alexander Chucri, chief executive officer of Pravati Capital. "It's an honor to sponsor higher education and promote the brightest minds of our next generation. I believe the use of capital in litigation can be very powerful for supporting plaintiffs and getting justice. This partnership with ASU Law will help educate future lawyers of the importance of litigation financing."
In May 2017, ASU Law Dean Douglas Sylvester established the Dean's Circle for donors seeking to support law students toward greater opportunities through mentorship, networking, hiring, as well as financial support. Endowed scholarships from donors benefit hundreds of students studying at ASU campuses in downtown Phoenix, Los Angeles and Washington, D.C.
"ASU Law is extremely grateful for Pravati Capital's generous contribution to the Dean's Circle and to further advance our efforts to provide our students with an exceptional law school experience," Sylvester said. "Support of firms like Pravati Capital is essential in giving our students the opportunity to obtain a comprehensive legal education to prepare them for their future careers in law."
Pravati Capital's support of law firms across the United States, through access to nonrecourse and recourse capital, allows firms and plaintiffs to see cases through to their rightful conclusion, and not be forced to settle due to a lack of funds. Leveling the playing field and allowing for a measure of balance in complex cases, is a goal both educators and Pravati Capital share.
Litigation funding from Pravati Capital also helps generate a firm's cash flow during the times when it is most needed, and maximizes a firm's management, marketing, growth and expansion. A law firm with this financial security knows it has the freedom and flexibility to draw on that credit when it needs to.