Burford Capital, renowned as the world’s largest publicly traded litigation funding company, experienced a three-fold increase in consolidated revenues during the 2023 fiscal year, hitting a landmark $1.1 billion. A key factor in these results was the revival of courts dealing with a backlog of cases, which boosted earnings per share by the considerable factor of 19 to reach $2.74.
On March 14, Burford Capital’s leadership addressed investors and noted a significant 52% increase in the realization of returns from pre-pandemic portfolio growth, leading to more than a billion dollars earned on a group-wide level. They further expressed an optimistic outlook for substantial levels of business activity with courts being fully operational again.
Such performance in financial results had a positive impact on the company’s stocks, resulting in a 4.4% increase on the New York Stock Exchange.
For more details, the full article is available on the American Lawyer.