Burford has launched The Equity Project, a trailblazing initiative to help close the gender gap in law by earmarking $50 million for commercial litigation led by women—creating an economic incentive for change.
Even a decade after the recession, law remains a buyers’ market and “alternative fee arrangements” —whether that means fees are discounted, fixed, capped, or deferred until success—have become the norm. Litigation finance can give firms a better way of keeping the focus on providing clients with top tier service.
The portfolio approach to litigation finance offers corporate clients many advantages that enable companies to reinvent their legal departments and budgets, transforming the impact of meritorious litigation from revenue-destroying to profit-enhancing.
Without a determined drive to reduce and ameliorate the impact of gender disparities, the current position of women in the legal industry—especially in leadership positions—is unlikely to improve.
The Australian Law Reform Commission has proposed licensing for all litigation finance providers—which is potentially problematic (and arguably unnecessary).
In January 2015, the world’s largest razor company brought suit against a startup that had yet to manufacture a single razor. But there’s another angle to the story, because litigation finance played an important part in this extraordinarily high-stakes commercial dispute.
Post-settlement financing enables law firms to monetize completed litigation and client work as early as possible. This helps them lower their contingent risk on fees and reduces their exposure to variables outside of the firm’s control, such as unanticipated delays in the litigation process, uncertain claims requirements and clients’ financial health.
David Perla is a Managing Director at Burford Capital, overseeing global marketing and business development operations. He joined the team this past spring after serving as president of Bloomberg Law and co-founder of Pangea3–a global legal process and outsourcing provider that was eventually acquired by Thomson Reuters.
Burford’s expertise, transparency and substantial pool of capital have made us a trusted partner for financing litigation, and, consequently, a resource for those venturing into the world of legal finance. Here, we address some of the most common questions corporates have about legal finance and third-party funders.
Private equity backed firms are sophisticated entities in which every aspect of the business is tightly managed. Adding Burford as a partner is accretive on both the operating and transactional side, leading firms to full realization of their investment thesis and objectives.
With Brexit negotiations ongoing and the threat of adverse costs exposure deterring potential claimants, the UK legal market faces increased competition as other European dispute centers attract litigation that once would have been pursued in London without hesitation.