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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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North Carolina Suit Could Signal Change in COVID Claims Disputes

Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favour of the policyholders, especially in US federal court, but a case in North Carolina federal court involving a major health care network could turn out to be a chink in insurers’ armour and, perhaps, a blueprint for other COVID-damaged policyholders to follow. Andy Lundberg of Burford Capital weighs in.

In the News

Sharp Blades in the (IP) Razor Wars

The global razor industry is worth $11 billion and the margins are amazingly healthy, which explains why Gillette is so aggressive in defending its turf against competitors. When former Gillette executives left to set up a competitor, they were smothered by litigation from their former company, with claims that they misappropriated trade secrets and engaged in unfair competition, and that the employees breached non-disclosure agreements. Thankfully Shavelogic was able to access litigation funding from Burford Capital and ultimately Gillette’s claims were dismissed as without merit. The ten years of battles for this entrepreneurial start-up look now to be paying off. Two weeks ago, the company announced that it has raised $100 million in growth capital from Jefferies.

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