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Burford Capital Limited - BUR STOCK NEWS

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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.

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Burford Capital issues 533,066 new ordinary shares to satisfy the vesting of restricted stock units under the LTIP. The new shares will be admitted to trading on the AIM market of the London Stock Exchange plc and listed on the New York Stock Exchange.
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Burford Capital announces the 2024 Annual General Meeting for shareholders, with voting results expected on May 20, 2024. Details of the meeting, resolutions, and voting procedures are outlined in the Notice of AGM.
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Burford Capital announces an increase in management's holdings to 10.6%, showcasing strong alignment with shareholders. The management committee collectively owns approximately 23.2 million shares, with key members like Christopher Bogart and Jonathan Molot investing significantly in the company.
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Burford Capital files Annual Report on Form 20-F for the year ended December 31, 2023, providing access to audited financial statements. Shareholders can request a hard copy for free. Contact details for investor, analyst, and press inquiries are also available.
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Burford Capital announces a share repurchase program for its Ordinary Shares worth up to £5.0 million in connection with future obligations under the Deferred Compensation Plan.
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Burford Capital Limited announces exceptional financial results for the fourth quarter and full year of 2023, showcasing a 19x increase in earnings per share, a tripling of total revenues to $1.1 billion, and a net income margin of 63%. The company experienced substantial growth in capital provision income and anticipates further activity in 2024 and 2025.
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Burford Capital Limited announces the release of its financial results for the year ended December 31, 2023, and the three months ended December 31, 2023. The company will hold a conference call for investors and analysts on March 14, 2024, providing dial-in numbers and a webcast link for participants.
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Burford Capital releases research showing businesses' changing views on litigation portfolios and the growing importance of legal finance. The study highlights increased investment in litigation, alignment between GCs and CFOs on innovation, and the role of legal finance in optimizing outcomes.
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Burford Capital Limited announces the closing of the private offering of $275.0 million aggregate principal amount of additional 9.250% senior notes due 2031 by its subsidiary, Burford Capital Global Finance LLC. The offering represents a yield to worst of 8.251% and the net proceeds will be used for general corporate purposes.
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Burford Capital Limited has appointed Pamela Beth Corrie as an independent non-executive director. Ms. Corrie brings extensive experience in finance and law, having served as General Counsel at GE Capital and practiced law at Weil, Gotshal & Manges. She will serve as a member of the Audit Committee and the Nominating and Governance Committee.
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FAQ

What is the current stock price of Burford Capital (BUR)?

The current stock price of Burford Capital (BUR) is $13.19 as of November 15, 2024.

What is the market cap of Burford Capital (BUR)?

The market cap of Burford Capital (BUR) is approximately 2.9B.

What does Burford Capital Limited do?

Burford Capital Limited is a global finance and professional services firm focused on litigation finance, legal risk management, law firm lending, corporate intelligence, and judgment enforcement.

Where is Burford Capital Limited publicly traded?

Burford Capital Limited is publicly traded on the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE) under the symbol BUR.

What are Burford Capital’s core business segments?

Burford operates primarily in two segments: Capital Provision, which provides direct funding for legal cases and investments in managed funds, and Asset Management and Other Services, which includes litigation insurance and advisory services.

Who are Burford Capital’s clients?

Burford's clients range from start-ups to large public companies, including over half of the AmLaw 50 firms and many of the leading law firms in the UK.

What recent achievements has Burford Capital made?

Recent achievements include a landmark $16 billion judgment against Argentina and its upcoming inclusion in the Russell 3000® and 2000® Indexes.

In which geographical regions does Burford Capital operate?

Burford operates in the United States, United Kingdom, Singapore, Hong Kong, China, and Australia, with offices in major cities like New York, London, and Hong Kong.

What types of services does Burford Capital offer?

Burford offers a range of services including litigation finance, risk transfer, asset recovery, law firm lending, corporate intelligence, and advisory activities.

How much capital has Burford Capital raised?

Burford has raised over $500 million to support its diverse portfolio of commercial litigation matters.

What is litigation finance?

Litigation finance is a practice where Burford provides capital to clients in exchange for a portion of any financial recovery from their legal disputes.

How does Burford Capital contribute to the legal industry?

Burford contributes by enabling meritorious commercial disputes to be decided on their merits, providing capital, reducing financial risk, and offering legal advisory services.

Burford Capital Limited

NYSE:BUR

BUR Rankings

BUR Stock Data

2.92B
219.41M
9.64%
62.28%
2.76%
Asset Management
Financial Services
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United States of America
Saint Peter Port