We have studied Burford Capital since 2016. This learning journey walks through the following topics: 

• The different types of litigation finance assets
• How litigation finance compares to other alts 
• Typical transaction structures and how it creates positive skew in returns 
• Potential risks to BUR’s long-run IRR
• How cases are originated via corporates directly and indirectly from law firms 
• Nuances of the relationship between funders and law firms 
• Potential competitive risks from litigation funders and non-funders
• How insurance and regulation may be a longer-term industry risk 

What is Litigation Finance? 

The legal finance industry is broadly split into three: commercial, mass tort, and personal litigation finance. Burford focuses on core commercial litigation finance.