Law firms and litigants often face a timing problem when it comes to getting paid. Law firms with uncollected fees face an ongoing challenge to recognize this revenue. Companies often fight long and hard to get positive judgments or awards but may have to “hurry up and wait” for slow-to-pay defendants and a long approval process.
Burford offers a range of financing solutions to solve the “timing problem” of awards and judgments by providing immediate liquidity to businesses and law firms when the only remaining challenge is collection.
Accelerate receipt of outstanding client receivables
Monetize lawyers’ fees post-settlement
Purchase payment streams from settlements and judgments
Structure large litigation settlements
Burford can purchase a portion of a law firm’s outstanding receivables, allowing the firm to convert its receivables to cash and preserve valuable client relationships. In hourly fee matters, this generates revenue regardless of when clients ultimately pay bills. In resolved contingent fee matters, it generates revenue even if a court has not yet approved a settlement or payment is delayed for some other reason.
For businesses, Burford can provide non-recourse capital to the judgment or award holder after settlement in a successful litigation or arbitration, in exchange for some portion of the final recovery.
The law firm’s collection process is not disrupted, and lawyers avoid pushing valuable clients for payment.
Burford’s capital is generally cheaper than the discounts offered to clients in exchange for payment.
With Burford’s financing, the law firm can recognize revenue without taking on debt.
Chicago
Alyx Pattison
California
Jonathan Owen
We fund the fees and expenses associated with high-stakes commercial claims.
Learn moreWe advance some of the expected entitlement of claims, judgments and awards.
Learn moreWe finance multiple litigation or arbitration matters in a single funding vehicle.
Learn moreWe help clients collect judgment debts when opponents hide assets or fail to pay.
Learn moreWe help businesses avoid risk exposure in cost-shifting jurisdictions.
Learn moreWe accelerate payment for law firm receivables, generating revenue regardless of when clients ultimately pay bills.
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