Litigation Funder Raises $300M Fund to Help Firms Recoup Fees
The new fund is aimed at law firms and their clients wanting to "manage the frequent and significant delays" in postsettlement payouts.
April 09, 2019 at 03:39 AM
2 minute read
U.K.-listed litigation funder Burford Capital has raised a $300 million fund to offer law firms and clients financing solutions after a settlement has been reached.
The fund offers early payment options to law firms that are waiting on payment of fees from their clients after a settlement has been agreed to in a case, or by the clients themselves who wish to expedite the payout of their settlement.
Burford CEO Christopher Bogart said in a statement that the fund is intended to "help clients manage the frequent and significant delays that occur between the point at which parties agree to a settlement and the finalisation of and payment under the settlement."
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250