Litigation funder Burford Capital has launched a new form of hybrid damages based agreement (DBA), offering to share risk with law firms. In what the company claims is a first for the UK legal services market, the ‘Burford Hybrid DBA' allows firms to strike a private risk-sharing agreement with the funder, thereby circumventing lawyers' concerns over the regulation of direct DBAs with clients.
October 16, 2013 at 06:05 AM
1 minute read
The original version of this story was published on Legalweek
Litigation funder Burford Capital has launched a new form of hybrid damages based agreement (DBA), offering to share risk with law firms.
In what the company claims is a first for the UK legal services market, the ‘Burford Hybrid DBA’ allows firms to strike a private risk-sharing agreement with the funder, thereby circumventing lawyers’ concerns over the regulation of direct DBAs with clients.
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