Bloomberg Law
Oct. 3, 2018, 8:47 PM UTC

Burford Raises $250 M in 24 Hours, Litigation Funding Rolls On

Stephanie Russell-Kraft
Stephanie Russell-Kraft
Special Correspondent

Burford Capital, the world’s largest litigation finance firm, announced this week that it had raised another $250 million in a span of just 24 hours, the latest sign that litigation funding is still booming.

As Bloomberg Law reported in March, Big Law firms are increasingly gravitating toward litigation finance as the practice sheds its stigma. And yet, according to lawyers and funders in the market, the contours of that boom remain fuzzy.

“My anecdotal sense, confirmed by Burford putting more money in the market, is that it’s growing,” said Lucian Pera, commercial litigation partner at Adams and Reese who has ...

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