The Times reports that Burford’s “annual survey… found that more than 33 per cent [of businesses have] used litigation finance, a figure that [has] more than tripled since 2012.” The coverage quotes Burford’s Chris Bogart, who expects strong growth to continue “among corporate legal teams that are still only partly aware of the utility of litigation finance, and who haven’t yet fully grasped its benefits to their business.” This sentiment was echoed by a law firm partner who said: “We are seeing more companies who want to use it not because they cannot afford to finance the litigation but because they see a way to monetize an asset that sits on their balance sheet or to derisk the funding of litigation up to and including blue chip multinational companies.”
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