Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Credit: Richard Mia.

When the two largest rivals in an industry combine, it is typically a sign of a mature market. In the case of litigation finance, throw that rule out. The December 2016 acquisition of Gerchen Keller Capital by Burford Capital—at the time the two largest companies investing in commercial litigation—has proved to be a spark plug for the nascent business of financially backing lawsuits.

Before it was acquired, Chicago-based Gerchen Keller boasted to be the world’s largest litigation financier, having raised $1.3 billion. In the 18 months since its sale, major funders in the U.S. have announced raising $1.75 billion to put toward new cases. That is more than three times the amount raised in the 18 months prior to Burford’s acquisition. Eight different funds or debt issuances have raised more than $100 million since GKC’s sale; there were just three capital raises of that size in the prior three years.

This premium content is locked for
Law.com subscribers only.

*May exclude premium content
Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.