Burford Capital’s operating profits tumbled by 21% in the year ending in December 2019, the litigation funder’s latest financial report shows.

The report reveals that the litigation funding giant’s operating profits fell by 21% to $279.3 million from $354.8 million over the 12 months of 2019. Its total income also decreased by 15% year-on-year to $356.7 million. The firm said in a statement that both decreases were due to a “lumpy” legal finance market.

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