Burford Capital reported at 75% increase in net profits in 2016.
Buford is known as the world’s largest litigation financing company. This is now the funder’s seventh consecutive year of double digit growth. Buford’s total income rose 59%, from $103 million in 2015 to $163.4 million in 2016.
Buford had record investment recoveries of $216 million, up from $146 million in 2015. The increase was driven by a 60% lift in litigation investment income. The funding giant’s growth is indicative of the growing and evolving industry of litigation funding.
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Summarized by Jonathan Smith
Read full article at lse.co.uk