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Burford swings to loss on timing issues

Court delays have had a knock-on effect on the litigation funder
March 29, 2022
  • Income from operations drops by $230mn
  • Funder commits over $1bn to new cases

The word “timing” appears more than 30 times in Burford Capital’s (BUR) annual report. The litigation funder attributes its first pre-tax loss of almost $60mn to the “vagaries of the litigation process” and a series of court delays. Burford’s chairman thus concludes that the loss is not a “matter of substance”.

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