Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.
Burford Capital Limited (symbol: BUR) is a preeminent global finance and professional services firm with a singular focus on law. Listed on both the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE), Burford has established itself as a trailblazer in the field of litigation finance, asset management, and legal advisory services. The company's core business revolves around providing capital to the legal industry, thereby facilitating the resolution of meritorious commercial disputes.
Burford's operations are segmented into two primary areas: Capital Provision and Asset Management and Other Services. The Capital Provision segment encompasses the direct funding of legal cases and investments in managed funds, while the Asset Management segment offers an array of services including litigation insurance, law firm lending, corporate intelligence, and judgment enforcement.
Over the years, Burford has secured over $500 million in capital commitments, aiding a diverse clientele that ranges from start-ups to major public corporations. Notably, Burford collaborates with more than half of the AmLaw 50 firms and many of the leading law firms in the UK. This extensive client reach underscores Burford's significant impact in legal finance and risk management.
Recent achievements for Burford include a landmark $16 billion judgment in a case against Argentina, emphasizing its prowess in high-stakes litigation finance. Additionally, Burford's inclusion in the Russell 3000® and 2000® Indexes marks its growing influence and recognition in the financial sector. The firm’s ongoing projects also involve innovative approaches to corporate finance solutions, as evidenced by a recent $325 million commitment with a Fortune 50 company.
Burford's comprehensive suite of services extends to risk transfer, asset recovery, and advisory activities, positioning it as a one-stop solution for legal finance needs. The company's strong financial health is reflected in its robust quarterly earnings and continuous expansion across key global markets including the United States, United Kingdom, Singapore, Hong Kong, China, and Australia.
With offices in major financial hubs such as New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney, and Hong Kong, Burford maintains a global footprint that enables it to serve clients effectively across different jurisdictions. As a publicly traded entity, Burford remains committed to transparency and stringent regulatory compliance, ensuring sustained growth and shareholder value.
Burford Capital releases new research on energy transition disputes, revealing significant challenges businesses face as they shift to renewable energy. The study, based on insights from 300 GCs and heads of litigation across key industries, shows that 76% of GCs are already experiencing energy transition-related disputes, with 47% expecting further increases in the next decade. 63% of GCs anticipate legal fees exceeding $4 million per case, while 29% expect costs over $10 million. The research highlights that 77% of GCs predict increased contractual disputes, with 75% considering legal finance to offset dispute costs.
Burford Capital has announced the pound sterling conversion rate for its 2024 interim dividend. The previously declared dividend of 6.25 US cents per ordinary share will be paid on December 5, 2024, to shareholders of record as of November 1, 2024. For shareholders choosing to receive their dividend in pound sterling, the payment will be 4.845352 pence per ordinary share, calculated using an exchange rate of £1 = US$1.289896 set on November 6, 2024.
Burford Capital reported strong Q3 2024 results with record-breaking performance. The company achieved $556 million in Burford-only cash receipts YTD24 and $310 million in Q3 alone. Core portfolio net realized gains reached $184 million YTD24, up 49% from YTD23, with a return on invested capital of 94%. Q3 net income attributable to shareholders was $136 million, with tangible book value exceeding $10 per share for the first time. New commitments increased substantially in Q3 2024 compared to Q3 2023, while total portfolio value grew 4% to $7.48 billion.
Burford Capital addresses inaccurate media reporting regarding a U.S. Department of Justice (DOJ) court filing in the Petersen and Eton Park matters. The filing only addresses a narrow legal question about judgment enforcement and does not represent DOJ's broader position on the case against Argentina. The DOJ's view suggests that U.S. courts cannot compel Argentina to move property from Argentina to the United States for creditor attachment under New York law, though this remains an unsettled legal issue. The DOJ's opinion is not binding, and further legal proceedings will follow. Burford plans to provide additional updates during their earnings call.
Burford Capital (BUR) will release its financial results for Q3 2024 on Thursday, November 7, 2024, at 7:00am EST. The company will host a conference call for investors and analysts at 10:00am EST the same day. A live webcast will be available, and participants are encouraged to pre-register. An accompanying Q3 results presentation will be accessible on Burford's website before the call. The company has provided dial-in numbers for USA, Canada, and UK participants, with access code 1730316.
Burford Capital (BUR) has announced key information regarding its 2025 Annual General Meeting (AGM). Effective January 1, 2025, Burford will transition from a foreign private issuer to a US domestic issuer. The 2025 AGM is expected to be held in May 2025, with the company utilizing the SEC's notice-and-access method for meeting materials and proxy solicitation.
Important deadlines for shareholders include:
- December 13, 2024: Deadline for submitting shareholder proposals under Rule 14a-8
- January 15, 2025 to February 14, 2025: Period for submitting director nominations and other shareholder proposals
Shareholders must comply with Burford's articles of incorporation and SEC requirements for proposal submissions and director nominations. The company has provided alternative deadlines if the AGM date changes significantly.
Burford Capital, the leading global finance and asset management firm focused on law, marks its 15-year anniversary with impressive business growth and new legal finance research. Since its founding in 2009, Burford has grown from a $130 million fund to managing a portfolio of over $7 billion. The company's annual commitments to legal finance assets have increased from $11 million in 2009 to $1.2 billion in 2023.
New research reveals a significant increase in legal finance awareness and usage among lawyers. 82% of surveyed law firm lawyers claim to have used legal finance, a ninefold increase since 2012. The research also indicates that legal finance is now viewed as a strategic tool for managing risk across commercial litigation and arbitration. Corporate clients are increasingly embracing legal finance, with 82% of surveyed lawyers noting an increase in its use by corporations over the past 15 years.
Burford's CEO, Christopher Bogart, emphasizes the company's focus on client needs, innovation, and advancing the business of law as key factors in their success and future growth.
Burford Capital, a leading global finance and asset management firm focused on law, has released its latest Burford Quarterly to mark its 15th anniversary. This edition explores the evolution of legal finance and its business benefits over the past 15 years.
The Burford Quarterly 4 2024 includes articles on:
- Charting the next chapter of Burford's journey
- Legal finance as a strategic solution for modern business challenges
- Current trends and future directions in IP monetization
- Championing diversity in law through The Equity Project
- Arbitration trends in Latin America
- Implications of a proposed collective redress bill in Spain
Aviva Will, President of Burford Capital, emphasizes the company's commitment to publishing insightful thought leadership and research about commercial legal finance, continuing a 15-year tradition of educating business and legal leaders about the industry.
Burford Capital , a leading global finance and asset management firm focused on law, has issued 8,629 new ordinary shares on September 23, 2024. This issuance is in connection with the Burford Capital 2016 Long Term Incentive Plan (LTIP) to satisfy the vesting of restricted stock units from awards realized on September 20, 2024.
The company will apply for these new shares to be admitted to trading on the AIM market of the London Stock Exchange, with an expected admission date of October 1, 2024. These shares will also be listed on the New York Stock Exchange.
Following this issuance, Burford Capital's total issued ordinary share capital is 220,091,323, with 669,947 shares held in treasury. The total number of voting rights in the company, excluding treasury shares, will be 219,421,376.
Burford Capital, a leading global finance and asset management firm focused on law, has announced the return of Travis Lenkner as Chief Development Officer. In this newly created role, Lenkner joins the Management Committee and will be based in London. His responsibilities include:
1. Identifying and executing strategic initiatives for growth
2. Focusing on law firm equity investments
3. Exploring alternative delivery of legal services
4. Advancing legal tech, including AI
Lenkner, a seasoned executive in legal finance, previously co-founded Gerchen Keller Capital (acquired by Burford in 2016) and Keller Lenkner His appointment aligns with Burford's commitment to modernizing the legal field and driving business growth.
FAQ
What is the current stock price of Burford Capital (BUR)?
What is the market cap of Burford Capital (BUR)?
What does Burford Capital Limited do?
Where is Burford Capital Limited publicly traded?
What are Burford Capital’s core business segments?
Who are Burford Capital’s clients?
What recent achievements has Burford Capital made?
In which geographical regions does Burford Capital operate?
What types of services does Burford Capital offer?
How much capital has Burford Capital raised?
What is litigation finance?
How does Burford Capital contribute to the legal industry?
