How it works
Burford can purchase a portion of a law firm’s outstanding receivables, allowing the firm to convert its receivables to cash and preserve valuable client relationships. In hourly fee matters, this generates revenue regardless of when clients ultimately pay bills. In resolved contingent fee matters, it generates revenue even if a court has not yet approved a settlement or payment is delayed for some other reason.
For businesses, Burford can provide non-recourse capital to the judgment or award holder after settlement in a successful litigation or arbitration, in exchange for some portion of the final recovery.