Burford Capital

Burford Capital
Public
Traded as BUR:LN
Industry Financial Services
Founded 2009 (2009)
Founders Christopher Bogart
Jonathan Molot
Headquarters New York City
Chicago
London
Products Litigation finance
Website www.burfordcapital.com

Burford Capital, founded in 2009, provides specialized finance to the legal market.[1] It operates as a finance and professional services company worldwide with principal offices in New York, London and Chicago. The company offers financing to lawyers and clients engaged in litigation and arbitration,[2] asset recovery and other legal finance and advisory activities.[3]

Financials

According to its latest financial reporting, income increased by 109% to $341.2 million in 2017 (2016: 163.4 million), driven by a 127% increase in income from litigation investment to $318.2 million (2016: $140.2 million). In the same period, Burford made $1.3 billion in new investment commitments.

In its 2013 financial year Burford deployed $62 million (£36 million) of capital in legal cases and generated a 25% increase in profits before tax to $42.5 million, up from $34.1 million in 2012.[4]

The company reported a 23% increase in revenue from litigation in the 2014 calendar year, up 23% from 2013. Total income of $82 million was up 34% from 2013 after increased revenue from its insurance unit.[5]

Burford raised $225 million in a public debt deal in 2017.[6]

London Stock Exchange

Burford has been publicly traded on the London AIM Stock Exchange (BUR:LN) [7] since October 2009 and issued further shares in a follow-on in 2010. The company currently has 204.5 million shares outstanding. In 2017, Burford received the AIM Award for Innovative Fundraising of the Year.[8]

Key people

  • CEO and Co-Founder: Christopher Bogart[9] (2009)
  • Co-founder and Chief Investment Officer: Jonathan Molot[9] (2009)

References

  1. ↑ "What Do You Get if You Cross a Lawyer With a Banker?". Bloomberg.com. 2018-06-11. Retrieved 2018-06-11.
  2. ↑ "Burford Capital Ltd (BUR:London Stock Exchange)". Bloomberg. Retrieved 14 August 2015.
  3. ↑ "N+1 Singer Begins Coverage on Burford Capital Limited (BUR)". WKRB. Retrieved 14 August 2015.
  4. ↑ "Burford Capital launches retail bond paying 6.5%". citywire. Retrieved 14 August 2015.
  5. ↑ "Burford Capital Cashes In On Other People's Lawsuits In 2014". Forbes. Retrieved 14 August 2015.
  6. ↑ "Burford Capital raises USD225m in bond issue". Institutional Asset Manager. 19 May 2017.
  7. ↑ "BUR BURFORD CAPITAL LIMITED ORD NPV". London Stock Exchange. Retrieved 14 August 2015.
  8. ↑ "Best AIM companies of 2017 confirmed". Interactive Investor. Retrieved 2018-02-16.
  9. 1 2 "Q&A with litigation financier Chris Bogart". New York Business Journal. Retrieved 14 August 2015.
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