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Burford Capital Limited - BUR STOCK NEWS

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.

Rhea-AI Summary
Burford Capital reports strong financial results with net income of $240 million and tangible book value per share growth of 12% in the past six months. Core portfolio generated significant cash with realized gains tripling and new business was strong. However, valuation movements are expected to fluctuate over time. Operating expenses reflect strong portfolio performance. Total revenues in 1H23 increased by 214% to $382 million. Group-wide portfolio grew to $7.0 billion. Burford-only cash and cash equivalents and marketable securities increased to $441 million. Burford declared an interim dividend of 6.25¢ per ordinary share.
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Court's Ruling suggests a final judgment of approximately $16 billion against Argentina
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Burford Capital announces US court decision on Argentina claims
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Burford Capital announces registration and participation details for its results call for the three months and six months ended June 30, 2023.
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Burford Capital (BUR) releases its latest Burford Quarterly, a journal of legal finance that explores best practices for building contingency fee practices, diversity, equity, and inclusion in the business of law, managing accurate litigation budgets, and recent legal finance caselaw.
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Burford Capital Limited (Burford) announces the successful adoption of all resolutions proposed at its 2023 annual general meeting. The company also provides updates on the implementation of the succession plan for its board of directors and a new policy on tenure for non-executive directors. The votes received for each resolution are detailed, showing substantial majorities in favor of the proposals.
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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