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American Lawyer praises Burford’s transparency

In an article for American Lawyer, Roy Strom offers praise for Burford’s transparent new disclosures in its 2018 annual results. He notes: “Skeptics have said that funding companies report the “commitments” they make… as a way to inflate the perceived demand for litigation funders’ capital.” He adds: “At least in Burford’s case… that criticism is mostly unfounded. The firm… has historically spent (deployed) 84 percent of the money it says it will spend (commitments). The missing 16 percent is mostly due to the fact that cases settle before they cost the full amount that Burford agrees to spend.”

Read the full article.