Burford Capital CEO Christopher Bogart on Tuesday sought to minimize the significance of the litigation funder’s newly disclosed double-digit dip in revenue and profits for 2019. Instead, he highlighted a third straight year in which the company deployed over $1 billion to back new claims, as well as a busy start to 2020 for cases in the pipeline and investment opportunities from the coronavirus crisis.

The litigation finance giant’s fiscal report for 2019 showed operating profits tumbled by 21% and total income dropped by 15%. But Bogart stressed that waiting on the courts—an inherent part of the litigation funding model—necessarily led to unpredictable timing on results.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]