Burford Capital backs Wirecard case

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Litigation Finance Companies Eye Law Firm Ownership in Arizona

Burford Capital and Longford Capital Management executives say that Arizona’s loosening of legal industry regulations opens the door for them to co-own law firms. They predict that with Arizona no longer requiring lawyers to own firms—and other states considering similar steps—law partners will increasingly consider the benefits of non-attorney ownership stakes. 

Funder News

Burford Capital expands legal finance team

Burford Capital has announced a number of new hires across its global business that bring its headcount to over 140 employees, 66 of whom are lawyers. In addition to new hires in New York, Washington and Chicago, Senior Vice President Dr. Jörn Eschment has relocated to Switzerland to oversee the growth of Burford’s substantial business in the DACH region of Germany, Austria and Switzerland.

Funder News

Burford commits additional $100 million to The Equity Project

Burford Capital has announced that it is committing an additional $100 million to The Equity Project, its groundbreaking initiative designed to increase diversity in the business of law. Burford first launched The Equity Project in October 2018 with $50 million in legal finance capital earmarked for matters led by women. Having committed well in excess of that amount to Equity Project matters as of December 31, 2020, Burford has now broadened the initiative to include racial diversity and thus address a deficit in representation that is even more acute than the gender gap. Burford has already made a multi-million commitment under the newly expanded Equity Project to a matter led by a female in-house lawyer and a racially diverse outside litigation team for a Fortune 100 company.

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