- 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”.