London-based litigation funder Burford Capital says a growing part of its business revolves around the financing of international arbitration cases handled by U.S. law firms—work that previously went to Magic Circle firms.

Burford managing director Craig Arnott told Law.com International that companies are increasingly using arbitration in place of litigation, despite it turning out to be “vastly more expensive” than litigation, and Burford is capitalizing on this global trend.

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