Law firm challenge
Hausfeld had experienced growing client demand for competition claims in Germany in the wake of substantial activity from the European Commission and the German Federal Cartel Office, as well as the adoption of the European Directive on Competition Damages Actions. But without a local office, and unable to offer contingent arrangements in Germany, Hausfeld sought a solution from Burford to help meet its client need.
Burford legal finance solution
In a novel arrangement, Hausfeld was able to expand its work in Germany with €30 million in financing from Burford to fund competition claims through a new office in Berlin. This is the largest known facility created to fund such litigation in Germany, where, because companies bringing claims historically have had limited access to the alternative fee and funding arrangements, there is significant client demand for litigation financing.
Legal finance impact
With backing from Burford, Hausfeld was able to provide its clients with broader access to the types of innovative funding arrangements that are often essential for clients pursuing costly and high-stakes competition matters.
