The social economy sector is represented in Portugal by more than 60,000 organisations that employ around 200,000 people. Its role has continued to grow in Portuguese society and it is now one of the main lines of action of the Portugal 2030 strategy.
This economy was traditionally formed by charitable institutions, foundations, cooperatives, professional and civic associations, and recreational clubs. However, today, the social economy takes multiple forms and acts in a wide range of areas. These include social support, health, education, culture, sports, agriculture, and the environment. This has led to an important need for reflection on social investment and how this can bring positive returns to society.
PLMJ has been supporting institutions in this sector for many years, providing not only legal advice, but also strategic advice, on a Portuguese and international level. Through our multidisciplinary, specialised approach, we have managed to ensure that the projects to which these institutions are dedicated have the best and greatest impact on society.
One example of our support to clients in this sector is the work we did to create the first social impact investment fund in Portugal.