Burford Capital Ltd

Burford Capital is the world's largest dedicated provider of capital for litigation and legal assets, a field it refers to as legal finance. The company is a global firm offering various financial products and services to the legal industry. Its primary business involves providing capital to clients involved in ongoing legal disputes. This capital can be used to cover legal fees and expenses related to disputes, and to monetize the expected future value of these disputes. Burford focuses on large, complex disputes, rather than small-scale litigation typically pursued by consumers or small businesses. The company rarely engages in transactions providing less than $5.0 million in capital, and frequently provides amounts up to hundreds of millions of dollars. Since its inception in 2009, Burford has committed over $12.1 billion to legal finance assets on a group-wide basis. Its client base includes large businesses and law firms globally. Legal finance enables litigants to select their preferred law firm without upfront fees and to accelerate a portion of an expected recovery. It can also help litigants avoid incurring legal fees as an operating expense, potentially improving net income metrics and boosting liquidity by providing upfront cash for legal assets. For law firms, legal finance provides cash for operations and salaries, even when cases are taken on a contingent or alternative fee basis, and allows hourly-based firms to compete for such work.