Burford continues to fund larger and more complex cases

Burford Capital has provided an update on its business performance for the six months ended June 30, 2021. The company saw $500+ million in new commitments, with a continuance in its trend towards funding larger and more complex new matters. Of its 14 new case investments, none had commitment levels under $5 million while six were $20 million or above. COVID has continued to impact the company, however, with an estimated 43% of cases incurring COVID-related delays, ranging from court date postponements to delays in the provision of discovery to slower settlement activity given the absence of a looming trial date to engender settlement. Optimistically, Burford believes that, due to how it often prices deals, ultimate returns may actually increase because of the passage of time. Read more.

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Funder News

Exton Advisors welcomes Lucy Glyn as a new director

UK-based Exton Advisors, a specialist litigation finance and insurance advisor business, welcomes Lucy Glyn as a Director starting this new year. Formerly a private equity transactional lawyer from the ‘Magic Circle’, she has held senior strategy roles within the legal market and, latterly, in litigation finance, where she led on European corporate strategy at Burford Capital.

Funder News

Burford Capital hires arbitration expert and legal finance industry veteran Mick Smith for senior European role

Burford Capital, the leading global finance and asset management firm focused on law, announced that arbitration expert and legal finance industry veteran Mick Smith has joined as Principal in its London office. He will join over 40 colleagues in London, and more than 140 globally. Smith will focus predominantly on the continued expansion of Burford’s business in Europe and especially its industry-leading role in global arbitration matters.

Insights

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. 

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