Arbitration caseloads continue to rise, as do the cost and expense to pursue them. As a result, claimants and their law firms are increasingly seeking financing solutions.
We help clients in construction arbitration fund fees and expenses and unlock the value of pending claims and unenforced awards—and manage the variety of unique challenges and risk management needs associated with these matters.
Of construction company lawyers have considered funding for legal fees and expenses
Arbitrations are time-consuming endeavors, with durations averaging 2.5 years for an ICC arbitration and 4.5 years for an ICSID arbitration
In the 2023 GAR 100 survey, law firms reported 208 funded arbitrations—the second highest number reported by law firms in GAR survey history, and the second time that the number of funded cases has surpassed 200
A company won a contract to build one of the largest dams on the continent. Despite being confirmed as the local partner more than a decade later, the national government instead attempted to proceed with the development of the project with a group of international entities. After initiating an arbitration, the parties reached a settlement agreement, which included a clause stating that government would be required to pay double the initial amount, plus interest. However, following an extended period of non-payment, the company needed capital. Burford provided $20 million in monetization, which enabled the business’s law firm to pursue additional claims so the company could be made whole.
Businesses have significant value hidden in their legal departments. Legal finance can offer holistic solutions for business across different sectors, reflecting their unique needs, risks and priorities when it comes to managing costs and generating value.
The simple but profound truth is this: Business leaders know how to make money by investing in their own businesses. Thus, spending on the business is unquestionably more impactful than spending on non-core litigation events with binary outcomes. When Burford funds a company’s disputes, that company conserves capital to invest in revenue generating activities. When we monetize a business’s expected entitlement from a pending litigation or arbitration, we unlock significant capital that becomes immediately available to invest in revenue generating activities.
Now in our 15th year, we look forward to helping more businesses use legal finance capital to unlock the value in their legal departments and reframe them from overhead to capital source.
Burford routinely works with Fortune 500 and FTSE 350 legal and finance teams to fund and monetize high value litigation and arbitration, enforce judgments and maximize corporate returns.
As the world’s largest legal finance provider, Burford has ample permanent capital to fund clients’ commercial litigation, arbitration and enforcement needs.
Top ranked in the industry with more than 160 staff, including 60 lawyers.
With litigation finance as well as enforcement expertise entirely inhouse, Burford can respond quickly and comprehensively to clients’ needs.
Burford is the gold standard for legal finance—dual-listed in New York and London (NYSE: BUR, LON: BUR).
Burford's experts can help businesses find value hidden in their legal departments. Reach out to our team to learn more or to discuss a potential financing opportunity.
London
Michael Redman
