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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.

In a sign of anticipated future growth, the company also invested $540 million in new legal finance commitments in the first six months of the year; up 10 percent from the same period last year and 170 percent more than the same period in 2016.

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