Picó LLC is a law firm dedicated to the practice of corporate, commercial and real estate law, structured finance, mergers and acquisitions, and healthcare law in Puerto Rico under the trade name of Picó Advisors. It has been organized with a view to providing high-quality, sophisticated legal services commonly expected of large local and United States firms at a reasonable cost attainable to smaller ventures, individuals and other cost-conscious, value-driven business clients.
Picó Advisors presently comprises five attorneys. In addition to its in-house staff, the Firm has long-standing strategic alliances with outside counsel specializing in other areas of practice (such as taxes, labor law and commercial litigation). These resources allow Picó Advisors to offer and provide its business clients with the full complement of legal services required to do business in Puerto Rico.
The Firm’s representative clients, past and present, include: Tiber Health, Public Benefit Corporation, the audit committees of Santander BanCorp and the First Puerto Rico Family of Funds, and the trustees of Puerto Rico Science, Technology and Research Trust, in the corporate governance sector; the Puerto Rico Convention Center District Authority and the Puerto Rico Tourism Company, in public-private partnership (P3) ventures; Banco Santander Puerto Rico, Popular Mortgage, JP Morgan Chase Bank and Puerto Rico Medical Defense Insurance Company, in the financial services industry; the Interlink Group of companies, Colliers Turley Martin Tucker (d/b/a Colliers International), Lease Advisors and InSite Wireless Group, in the real estate development sector; Borinquen Container Corp., Florida Turbine Technologies and Formica Corporation in the industrial sector; Operadora Anderson’s (d/b/a Señor Frog’s), Interfood Corp. (d/b/a Pizzeria UNO Chicago Bar & Grill) and Prestige Puerto Rico Restaurants, Inc. (d/b/a TGI Friday’s), in the food and beverage industry; Supermercados Máximo, Inc. (d/b/a SuperMax), the Good Choice group of companies (d/b/a Econo), and Retailing Enterprises PR, Inc. (d/b/a Invicta) in the retail sales industry; Wound Technology Network, the INSPIRA group of behavioral healthcare companies, Eye Surgery Specialists of Puerto Rico, LLC, Centro Oftalmológico Metropolitano C.S.P. and Diagnostic Imaging at Doctor’s Center Hospital, P.S.C., in healthcare management and the practice of medicine in Puerto Rico; several United States and local law firms seeking business law expertise under contract; and a number of individual and corporate clients (including individuals benefitting from tax incentives under the “Act to Encourage the Transfer of Investors to Puerto Rico,” more commonly known as Act 22), for whom the Firm renders general legal advice and counseling with regard to corporate and other business matters.
Picó LLC was organized as a Puerto Rico limited liability company on October 31, 2017 and commenced operations on November 1, 2017. Its immediate predecessor was established by the Firm’s principal on June 1, 2001, originally, as Picó & Associates, Attorneys at Law, PSC. Such entity evolved over time, changing its name in 2007, converting to a Puerto Rico limited liability company in 2015 and ultimately ceasing operations effective October 31, 2017.