Wake Up Call: Burford Capital Sees First Net Loss in Covid Year

In today’s column, Crowell had record revenues in 2021, but its profits per equity partner dove 25%; K&L Gates’ revenues jumped 15.7% to $1.2 billion; participants in a Katten Muchin junior associate retreat were hit by a Covid outbreak.

• Leading off, Burford Capital reported a $56.42 million net loss in 2021. The litigation funder attributed the first “accounting loss” in its history to slower case progress because of the pandemic. It said its overall results for the year were excellent, reporting $1.1 billion in group-wide new commitments and $841 million in cash deployment, both up significantly from 2020. (BurfordCapital.com ...