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."