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Burford Capital Makes Triple Big Law Hire After Profit Slump

Nov. 30, 2021, 4:05 PM

Burford Capital Ltd., a litigation finance company with $4.8 billion invested in lawsuits, has hired three lawyers from Big Law firms to analyze potential investments.

The additions announced Tuesday come from WilmerHale, Patterson Belknap Webb & Tyler, and Sidley Austin, three of the country’s 200 largest law firms.

The hires come a few months after the company’s first-half financial results showed total income of $80.5 million, down 68% from the year prior period. Burford also said in September it spent $398 million on investments in the first half of the year, up from $121 million during the first half of 2020.

The new hires are:

  • Apoorva Patel, who joined in Washington as a vice president focusing on international arbitration. He was most recently counsel in WilmerHale’s international arbitration practice.
  • Gabriela Bersuder, who was hired in New York as a vice president. She has been an associate at Patterson Belknap for the past five years after clerking for a federal appeals court judge and a federal judge.
  • Peter McLaughlin, who joined in Chicago as a vice president. He was an associate at Sidley Austin since 2016 and previously clerked for a federal judge.

Court schedules have been thrown into chaos during the pandemic, and Burford executives said in September the pandemic delayed cases from paying out but they were optimistic about the company’s rebound in new investments during the first half.

The company said it has more than 140 employees, and nearly 70 of them are lawyers.

To contact the reporter on this story: Roy Strom in Chicago at rstrom@bloomberglaw.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com

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