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's latest Burford Quarterly highlights key economic and business trends impacting commercial disputes across various industries. Notably, the US healthcare sector sees increased consolidation and rising costs, leading to major disputes. The journal features expert insights on construction disputes, with a focus on megaprojects and AI challenges. Additionally, the impact of the Unified Patent Court in Europe is discussed, showcasing its influence on IP litigation. Judges at a recent conference argue against mandatory financial disclosure for legal finance, emphasizing its potential inefficiency. Co-COO David Perla underscores the comprehensive analysis of these industry-specific trends.
Burford Capital, a leading global finance and asset management firm focused on law, announced the completion of open market purchases of 19,285 shares to satisfy non-employee directors' awards. These shares were acquired on June 4, 2024, at an average price of 1129.2549p per share. Additionally, shares were granted to several current and former non-employee directors under the 2021 Non-Employee Directors' Share Plan as compensation for their services. Notable grants include Rukia Baruti (2,467 shares), Pamela Corrie (2,352 shares), Robert Gillespie (2,467 shares), Christopher Halmy (4,246 shares), John Sievwright (5,803 shares), and Hugh Steven Wilson (1,950 shares).
Burford Capital, a global finance and asset management firm specializing in law, announced the planned purchase of 19,285 of its ordinary shares on the London Stock Exchange to fulfill awards to non-employee directors under the 2021 Non-Employee Directors' Share Plan.
Numis Securities, trading as Deutsche Numis, will handle the acquisition, valued at approximately £212,135, based on average closing prices from May 29 to May 31, 2024. A follow-up announcement will be made once the purchases are complete.
Burford Capital, a global finance firm focused on law, is set to join the Russell 3000® and Russell 2000® Indexes after the US market opens on July 1, 2024. This marks the first entry of a legal finance firm into these indexes. Legal finance, an emerging asset class, is generally uncorrelated to market conditions. Burford's inclusion underscores its growth with investors and clients, including Fortune 500 companies. Celebrating its 15th anniversary in October 2024, Burford boasts a multi-billion dollar portfolio. In 2023, a Burford-funded case yielded a $16 billion judgment, the largest in the history of the US District Court for the Southern District of New York. CEO Christopher Bogart highlighted the growing demand for legal finance and a recent $325 million commitment with a Fortune 50 company. Russell indexes, benchmarked by $10.5 trillion in assets, are important for investment managers and institutional investors.
Burford Capital announced the results of its 2024 Annual General Meeting held on May 15, 2024. All resolutions were approved by shareholders, including a final dividend of 6.25¢ per share to be paid on June 14, 2024, to shareholders registered by May 24, 2024. Resolutions included receiving the 2023 financial accounts, re-electing directors, re-appointing Ernst & Young LLP as auditors, and authorizing directors for share issuance and market acquisitions. The approval rates were overwhelmingly positive, with the majority of votes in favor and minimal opposition.
Burford Capital's latest study, released on May 15, 2024, explores how senior legal and finance leaders across various industries manage litigation spend, legal cost, risk management, and department value optimization. Based on interviews with 400 professionals from ten industry sectors, the study highlights how economic, political, and societal changes influence legal strategies. Key findings include significant expected increases in litigation spend in construction, mining, pharma, and food sectors. Additionally, leaders in these sectors plan to innovate legal finance and technology. The study underscores a shift from legal departments being cost centers to sources of capital, exemplified by Burford's $325 million deal with a Fortune 500 company.
Burford Capital reports its first quarter 2024 results, showing highest cash receipts, realized gains, and continued case conclusions with moderate new business activity. The total revenues reflect expected business timing, while operating expenses decreased. The financial position remained stable, with a slight decrease in equity. The company provided detailed financial metrics and operational reviews for Q1 2024, highlighting positive and negative aspects of the business.
Burford Capital announces the release of its 1Q24 financial results on May 13, 2024, along with details for a conference call for investors and analysts. The company urges participants to dial in early to avoid access delays and offers a webcast link for remote viewing.
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