'We'll See You in Court' - Why City Is Keen to Fund Litigation ; LEGAL ANALYSIS
Tobin, Lucy, The Evening Standard (London, England)
WE have seen a plethora of alternative investments recently from fine wine to art and racehorses. Now, a new class of investment is emerging, one that would cause Rumpole to have apoplexy: the chance to invest in multimillion-pound lawsuits.
Last week, Burford Capital was the latest firm to try to lure London investors to grab a share of the litigation lucre -- or possibly losses -- available from big corporate legal actions. It announced a Pounds 200 million AIM flotation, promising to invest the money in particular legal fights in exchange for a share of any winnings.
Burford is only the second "litigation financier" to go public in the UK, after Juridica …
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Publication information:
Article title: 'We'll See You in Court' - Why City Is Keen to Fund Litigation ; LEGAL ANALYSIS.
Contributors: Tobin, Lucy - Author.
Newspaper title: The Evening Standard (London, England).
Publication date: October 5, 2009.
Page number: 42.
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