Burford claims to be the world’s biggest provider of investment capital for litigation and funds all types of commercial disputes. It has already moved on from investing in individual cases to funding ‘books’ of litigation and earlier this month announced a deal to provide £30m to an unnamed FTSE20 company to finance a ‘portfolio’ of litigation.
Same professional duties
Currently, the law relating to maintenance and champerty prevents third-party investors in litigation from taking a controlling interest in cases, and lawyers working in an ABS owned by a funder would be subject to the same professional duties towards their clients and the court as those working in traditional law firms. Source: The Law Society Gazette
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