NextLegal

Name

NextLegal

Legal name

NextLegal S.T.A. S.R.L.

Website

https://nextlegal.it

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

NextLegal is an Italian law firm (Società tra Avvocati) founded in 2020 by ADVANT Nctm and CRIBIS Credit Management that delivers AI-enabled mass credit recovery, NPE/UTP portfolio management, and serial litigation services to banks, insurers, leasing companies, debt buyers, and corporate clients across Italy.

Ownership category

akta.pro rank

Product category

NPL and UTP Portfolio Legal Services

NAICS

Legal Services (5411), Activities Related to Credit Intermediation (5223)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Legal Collections Support (Pre-Lit, Litigation Admin, Judgment Recovery) (BPAAAEAH)

akta.pro secondary industries

Third-Party Debt Collection Agencies (Consumer & Commercial) (BPAAAEAB), Late-Stage / Hard Collections (Charge-Off, Litigation Prep Support) (BPAAAEAD)

Keywords

• NPL portfolio management
• Mass credit recovery
• Legal process automation
• UTP credit servicing
• Serial litigation services

Headquarters

HQ city

Bologna

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Legal Services for NPE/UTP Portfolio Management: Full-service management of non-performing exposures and unlikely-to-pay portfolios, including judicial and extrajudicial recovery, due diligence, and data remediation. Approximately 90% of company revenue derives from this primary activity.
2. Mass Credit Recovery Services: Massive corporate credit recovery services with specialization in vertical sectors including automotive and entertainment (collecting societies for copyright royalties). Uses automated document production for efficient processing of serial litigation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

NextLegal is an Italian law firm (Società tra Avvocati) that delivers specialized legal services for the management of Non-Performing Exposures (NPE) and Unlikely-To-Pay (UTP) portfolios, mass corporate credit recovery, due diligence, data remediation, and serial litigation. The firm combines the legal expertise of ADVANT Nctm with the credit management infrastructure of CRIBIS Credit Management, using proprietary practice management software (Elibra), document automation (Legito), and AI-based legal analytics to scale high-volume credit recovery for banks, investors, and corporate clients in Italy.

Product overview

NextLegal is a legal services firm structured as a Società tra Avvocati per Azioni (S.t.A.), founded in June 2020 by ADVANT Nctm and CRIBIS Credit Management, operating in NPL/UTP portfolio management, mass credit recovery, and serial litigation. The firm offers an integrated portfolio of legal services (Consulenza Legale, Due Diligence, Data Remediation, Data Enrichment, Recupero Crediti, Contenzioso Bancario, Procedure Concorsuali, and Customer Caring) supported by two core technology platforms: Elibra for practice management (case data, documents, calendar, revenue, and PCT connectivity via Zucchetti integration), and Legito for automated legal document drafting. The model emphasizes full automation of repetitive processes, allowing lawyers to focus on high-value professional activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Consulenza Legale Legal consulting services for UTP (Unlikely-To-Pay) and NPL (Non-Performing Loan) portfolio disposal operations, delivered to banks, investors, and corporate clients in Italy.
• Due Diligence and Data Remediation Due diligence and data remediation activities for UTP and NPL portfolios and pre-litigation positions, performed at client sites and in virtual environments to enable efficient portfolio management.
• Data Enrichment Client assistance for document retrieval and data enrichment to complete case files for transition to the judicial/executive phase, integrated with judicial assistance activities for high portfolio management efficiency.
• Recupero Crediti (Credit Recovery) Massive litigation management through the integration of innovative technological systems and partner know-how, optimizing legal act drafting via automation systems for ordinary, monitoring, enforcement, bankruptcy, and other proceedings.
• Contenzioso Bancario Assistance in active and passive litigation arising from banking contracts, provided to banks and financial institutions in Italy.
• Procedure Concorsuali (Bankruptcy Proceedings) Assistance in bankruptcy proceedings including bankruptcy declarations, admission applications, opposing creditor positions, and distribution draft projects.
• Customer Caring Assignment of dedicated professionals to clients with nationwide coverage through a network of correspondents and local servicers across all Italian territories.
• Elibra Practice Management Software NextLegal's proprietary practice management software for legal profession digitization covering client data entry, payment registration, document archiving, legal calendar management, and revenue analysis on complex operations. Connected via integration to FallcoLegale (Zucchetti) for direct connectivity with the Italian Civil Process Telematico (PCT).

Quantifiable outcome

• 289% revenue growth in 2021 compared to 2020
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• ADVANT NctmcoreStrategic or Co-development Partner · 1 June 2020ADVANT Nctm is the primary promoter and legal expertise partner for NextLegal. As part of the ADVANT European law firm association, Nctm provides the legal knowledge, methodologies, and professional staff that form the core of NextLegal's service offering. Nctm has been developing alternative legal service structures since 2016 through entities including ILex, Solve Studio Legale, and UniqLegal.
• CRIBIS Credit Management (Gruppo CRIF)coreStrategic or Co-development Partner · 1 June 2020CRIBIS Credit Management is a co-promoter of NextLegal and contributes credit management expertise, proprietary information systems, and operational capabilities. As an independent Special Servicer with over 600 resources across 4 Italian offices and a Fitch Level 1- rating for NPL servicing, CRIBIS provides the credit industry knowledge, data assets, and servicing infrastructure that complement Nctm's legal expertise.
• Zucchetti (FallcoLegale)supportingTechnology or IntegrationZucchetti's FallcoLegale platform is integrated with NextLegal's Elibra practice management system to enable connectivity with the Italian Civil Process Telematico (PCT). This integration allows automatic synchronization of case data with Ministry of Justice systems, real-time hearing updates, direct court filing, and electronic court file access.
• LegitosupportingTechnology or IntegrationLegito is the document automation software adopted by NextLegal in May 2022 for advanced automated drafting of legal documents including demand letters, injunction applications, formal notices, and garnishment orders, directly from practice management data.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• UniqLegal: Alternative legal services entity (StA) developed by ADVANT Nctm since 2016. Sister firm under the same promoter with a comparable ALSP structure serving enterprise clients; relevant as a like-for-like benchmark on cost model and pricing.
• CRIBIS Credit Management (CRIF Group): Co-promoter of NextLegal and Italy's largest independent NPL servicer (Fitch Level 1-) with 600+ resources. Targets the same banks and financial institutions on NPE/UTP management, due diligence and credit recovery; directly comparable business model and customer base.
• ILex: Another ADVANT Nctm alternative legal services vehicle, providing legal staffing and process support. Comparable as a same-promoter ALSP operating under a tech-enabled, process-driven delivery model.
• Solve Studio Legale: Additional ADVANT Nctm alternative legal services entity. Shares the alternative legal service provider (ALSP) model with NextLegal, making it a directly comparable structure in the same promoter ecosystem.

Broad incumbents

• Banca Ifis: Italian bank with a dedicated NPL servicing division (Ifis Npl Investing) operating in NPE management and distressed credit. Both a potential customer and competitor to NextLegal in Italian credit recovery.
• Prelios Group: One of Italy's largest NPL servicers, serving major Italian banks on credit servicing and NPE management. Competes with NextLegal in the same segment but at materially larger scale and broader service scope.
• doValue: Listed Italian NPL servicer (Milan Stock Exchange) handling end-to-end credit servicing for Italian banks. Direct competitor in NPE/UTP portfolio servicing with significantly larger scale and capital base.
• AMCO: Italian state-owned asset management company specializing in NPL portfolios purchased from Italian banks. Operates as a major institutional buyer in the same market NextLegal services through its bank clients.

Others

• ADVANT Nctm: Parent/promoter law firm and one of Italy's leading independent law firms (ADVANT European association member). Provides the legal expertise and senior professionals that staff NextLegal, and is also a referral source.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nextlegalstapa

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NextLegal