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.

Keep Reading

In the News

Alphyn Capital makes its case for investing in Burford

Alphyn Capital makes a compelling case for investing in Burford Capital, pointing to the litigation funder’s strong brand in the market and the looming outcome of its YPF case against Argentina that could net the company proceeds between $1.1 billion and $5.6 billion.

Insights

The state of the legal finance industry post-Covid

Christopher Bogart of Burford Capital shares his thoughts on what’s ahead for the legal finance industry, predicting that near-term inflation, a potential recession and the need to preserve and enhance working capital will lead to more firms shifting costs and risks to outside legal finance providers.

New Fundings

Burford backs Australian miner in international dispute

Burford Capital, through its wholly owned subsidiary Woolridge Investments LLC, is funding the budgeted cost of arbitration for ASX-listed Greenland Minerals in its dispute with the Government of Greenland and the Government of the Kingdom of Denmark. After more spending more than ten years and investing over $130 million into its Kvanefjeld rare earths project in southern Greenland, development of the company’s project came to a halt in December 2021 due to a new law banning uranium mining.

Before You Go

Never miss a thing in the litigation finance market.