Tag Archives: Burford
Dispute Escalates as Burford Sues Sysco
As LFJ reported last week, we are seeing one of those rare occurrences in which a funder and client’s relationship breaks down in a very public and contentious manner, as Burford Capital and Sysco have found themselves in opposition to one another. However, it appears that Sysco’s lawsuit against Burford was only the beginning of…
Leaders from Burford, GLS and Omni Bridgeway Speak at PTAB Masters
Patent infringement litigation has been at the forefront of the litigation funding industry, with high profile disputes over disclosure and the role of third-party funding coming into the spotlight. The role of the Patent Trial and Appeal Board (PTAB) has also come under scrutiny, and an event hosted this week hosted industry leaders from law…
Using Litigation Finance to Generate Value as a CFO
Litigation funders often discuss the benefits of third-party funding for corporates in terms of shifting legal costs off their balance books, allowing companies to pursue beneficial litigation without incurring significant financial risks. Looking ahead to a year that will likely see corporate CFOs under financial pressure from market instability and potential recession, one funder has…
Burford Co-Founder Says Outside Investment is Key to Law Firm Growth
The traditional partnership model for law firms has been one of the bedrocks of the industry for so long, that suggestions of alternative ownership structures have been regularly dismissed without significant debate. However, with the advancement of law firm IPOs in the UK and the rise in adoption of the alternative business structure (ABS), some…
The Merging of Finance and Litigation Teams
Now more than ever, in-house legal and finance professionals can collaborate to build solid affirmative recovery teams. The notion of siloed teams is an obsolete economic framework when it comes to litigation finance, according to new research published by Burford Capital….
Global Electricity Cartel Faces Class Action
Burford Capital is funding litigation exploration of a potential claim that alleges that some of the world’s largest electricity cable makers conspired to inflate cable prices in a fraud paid for by millions of consumers in the United Kingdom. The higher costs of the alleged cable fraud have been passed onto consumers since April, 2001. …
Burford Capital’s Insights for Women in Law
Women in the legal profession face various challenges such as unconscious bias, according to the Women’s Career Progression Factsheet. Recently, a group of litigation finance leaders debated the findings from a Career Progression in the Legal Sector report. …
Burford Blames COVID for $80 Million Loss
COVID has adversely impacted most industries, and litigation funding is no exception. While new commitments and deals are up from last year, cases are simply not concluding in a timely manner….
Russian Oligarch’s Son Loses Bid to Hide Assets from Mother in Burford-Funded Case
The largest divorce settlement in Britain’s history is not over yet. Temur Akhmedov recently lost his effort to keep his money secret from his step-mother—who is still attempting to gain the award settlement from her divorce. Tatiana Akhmedova is utilizing litigation funding from Burford Capital as she pursues her claim.
With Nod to Burford, Rosenblatt Clarifies Accounting for Litigation Funding Arm
UK law firm Rosenblatt announced the formation of a litigation funding arm when the firm went public last year. Now, in the firm’s half-year report, CEO Nicola Foulston announced that Rosenblatt will be treating all un-concluded claims as costs, eschewing any potential concern over its accounting methodology.
