Burford Capital Co-Chief Operating Officer David Perla commented while speaking to Law360 how the interest shown by hedge funds in the legal finance industry is helping to convince more Fortune 500 executives to look at their legal assets differently.
David is quoted as saying, "New competition from big hedge funds reflects an evolution of an industry in which the definition of a 'large' legal financing deal has gone from $10 million or $20 million up to around $100 million in just a handful of years."