BUR News & Events

Reports Q1 revenue ($1.72B) vs. $118,85M last year. "Burford has a multi-billion-dollar portfolio of litigation assets delivering substantial cash returns and the market-leading origination engine. Burford's business is robust. We have ample liquidity, with more than $700M of cash on hand, and have sight of around $280M in cash so far this year from the portfolio. While the YPF loss was disappointing and caused a very large non-cash charge to our quarterly earnings, there is no cash impact from that loss. Indeed, if YPF never pays another cent, we will still have generated $236M in cash proceeds and more than $100M in profit from the case - and we are optimistic about a positive arbitration outcome."

Burford Capital announces the appointment of Travis Lenkner as COO. Currently serving as Burford's Chief Development Officer, Lenkner will continue to be based in London, and, as COO, will be responsible for execution and operating performance across the firm's business units. He will continue to oversee global business development and marketing, corporate development and enterprise initiatives focused on long-term growth, and will also join Burford's Commitments Committee. Lenkner has extensive experience across legal finance, complex litigation and the management of law-related businesses. He entered the legal finance market in 2013 as a launch partner of Gerchen Keller Capital, which became a leading private fund manager focused on litigation finance prior to its acquisition by Burford in 2016. Following that acquisition, he served as a Managing Director at Burford.