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Burford-Capital-New-York Litigation funder Burford Capital has seen a 15% total income dip in the year ending in December 2019.

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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Meganne Tillay

Meganne joined Legal Week as a reporter in June 2019 upon completing a Master's in Journalism at Kingston University. She covers a number of domestic and international law firms, as well as real estate, capital markets and regulation. [email protected]

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