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Christopher Bogart, Burford Capital CEO. Courtesy photo.

Shares of Burford Capital Ltd. hit an all-time high Wednesday after the world’s largest litigation finance firm reported strong first-half profit growth, as well as a sizable boost in the amount of money it spent backing certain cases.

Burford’s shares, which are publicly traded on the London Stock Exchange, were trading about 15 percent higher midday in the U.S. and briefly hit a record high of £19.58, about twice their value from a year ago. In the first half of 2018, Burford’s income rose 17 percent, to $205.2 million.

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