Burford Capital
| Burford Capital Logo | |
| Company type | Public |
|---|---|
| BUR:LN | |
| Industry | Financial Services |
| Founded | 2009 |
| Founders | Christopher Bogart Jonathan Molot |
| Headquarters | New York City Chicago London |
| Products | Litigation finance |
| Website | www |
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
- ^ "What Do You Get if You Cross a Lawyer With a Banker?". Bloomberg.com. 2018-06-11. Retrieved 2018-06-11.
- ^ "Burford Capital Ltd (BUR:London Stock Exchange)". Bloomberg. Retrieved 14 August 2015.
- ^ "N+1 Singer Begins Coverage on Burford Capital Limited (BUR)". WKRB. Retrieved 14 August 2015.
- ^ "Burford Capital launches retail bond paying 6.5%". citywire. Retrieved 14 August 2015.
- ^ "Burford Capital Cashes In On Other People's Lawsuits In 2014". Forbes. Retrieved 14 August 2015.
- ^ "Burford Capital raises USD225m in bond issue". Institutional Asset Manager. 19 May 2017.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "BUR BURFORD CAPITAL LIMITED ORD NPV". London Stock Exchange. Retrieved 14 August 2015.
- ^ "Best AIM companies of 2017 confirmed". Interactive Investor. Retrieved 2018-02-16.
- ^ a b "Q&A with litigation financier Chris Bogart". New York Business Journal. Retrieved 14 August 2015.