Burford Capital's Second Annual Survey Finds Sharp Increase in Acceptance of Litigation Finance and Dramatic Increase in CFO

 Burford Capital's Second Annual Survey Finds Sharp Increase in Acceptance of
  Litigation Finance and Dramatic Increase in CFO Involvement in Litigation
                              Expense Management

PR Newswire

NEW YORK, Jan. 15, 2014

NEW YORK, Jan. 15, 2014 /PRNewswire/ -- Burford Capital's second annual survey
on litigation finance showed a sharp increase in the number of lawyers who
said that they think litigation finance is a useful tool – up 15% from 2012 to
79%. The survey also found CFOs to be dramatically more active in thinking
about and managing litigation costs.

Other highlights of the survey include:

  oPressure on law firm fees and in-house legal budgets is intense. 77% of
    private practice lawyers surveyed said the number one business challenge
    they face is pressure to discount their fees; amongst general counsel and
    financial executives, the number one business challenge is increased costs
    cutting and cost-consciousness generally (75% and 81%, respectively);
  oAwareness of litigation finance is high. 91% of private practice lawyers
    are aware of the option of litigation finance (also known as third-party
    funding); the same is true of 85% of in-house counsel; and
  oCFOs appear to be more focused on litigation costs than ever before: 83%
    of CFOs that litigation finance is a useful tool and 58% of CFOs believe
    that their companies have had a case that could benefit from litigation
    finance – almost triple last year's response of 22%. Moreover, fully half
    of all CFOs believe that counsel should present litigation finance as a
    payment option in every new case.
  oFor the second year in a row, 20% of the private practice lawyers surveyed
    indicated they are currently handling a case that could benefit from
    litigation finance. At the same time, 79% of such lawyers said that they
    think litigation finance is a useful tool and allows non-contingency firms
    to do cases they otherwise would not, an increase of 15% over the prior
    year.

Christopher Bogart, CEO of Burford Capital, remarked:

"Our survey results this year reinforce the significant market need for
litigation finance. The practice of litigation finance offers a solution to
the increasing expense of litigation for clients, and allows good cases to get
to great firms – firms whose chosen business models don't allow for a
significant number of full contingency fee cases."

Burford Capital is the world's largest provider of investment capital and risk
solutions for litigation. Burford's annual survey is the only such survey of
the litigation finance market in the U.S. This year, the topic areas addressed
included i) general business climate; ii) awareness of litigation finance;
iii) perceptions of litigation finance; and iv) demand for litigation finance.
In addition to the highlights above, the survey also includes data on the
increased use of boutique firms by in-house counsel, and the involvement of
financial executives within corporations regarding decisions on litigation.

The survey was conducted by Briefcase Analytics, a leading business
intelligence firm, and surveyed litigation partners at private practice law
firms as well as general counsel and financial executives serving large and
mid-sized corporations.

For more information, see the 2013 survey results:
www.burfordcapital.com/2013/12/survey-results/

For further information, please contact:

For U.S. press inquiries:

Allan Ripp +1 212 262 7477



For U.K. press inquiries: FTI Consulting

Edward Berry +44 (0)20 7269 7297

Laura Ewart +44 (0)20 7269 7243

About Burford Capital

Burford Capital is the world's largest provider of investment capital and risk
solutions for litigation with the largest and most experienced dedicated team
in the industry. Burford is publicly traded on the London Stock Exchange's AIM
market under the ticker symbol BUR. Burford provides a broad range of
corporate finance and insurance solutions to lawyers and clients engaged in
significant litigation and arbitration around the world.

For more information about Burford, visit www.burfordcapital.com.



SOURCE Burford

Website: www.burfordfinance.com
 
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