Burford Capital reported most of its 2019 results this week and warned that profits would fall in the latest urgent news for the publicly traded litigation finance firm’s investors. But what should lawyers concerned with the future of the industry focus on?
Two Metrics: Burford’s financial results show how much the company spends on new investments in litigation and how much money it makes on them, which help explain the current and future state of litigation finance.
Results: Those numbers show a more mature business that has evolved to invest in different types of cases, most notably purchasing awards and settlements.
Roy Strom has more in the latest Big Law Business column.
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Frost Brown Todd hired labor and employment attorney Fred Gaona as a Member in Dallas from Gray Reed | Goulston & Storrs brings on Matthew Tosto as an associate in the Real Estate Group in Boston from Ropes & Gray | Alston & Bird has added Shawna Tunnell as a tax partner in Washington from Hogan Lovells, and litigation partner Stuart Plunkett in San Francisco from Baker Botts LLP | Greenspoon Marder hired Nick Richards to the Cannabis and Tax practice groups in Denver | Bradley Arant Boult Cummings’ Healthcare Practice Group added senior attorney Najla Long and antitrust partners Mark J. Horoschak, Brian A. Hayles, and Michael P. Fischer in Charlotte from Womble Bond Dickinson | Marshall Dennehey has promoted Craig S. Hudson to the position of Assistant Director of the Professional Liability Department; he will return to Philadelphia for this role | Saul Ewing Arnstein & Lehr recently added Dan Altchek as a partner in the Labor and Employment Practice in both the Baltimore and New York offices, and Mario Fontes as a partner in the Corporate Practice in Miami | King & Spalding hired Jeanie Cogill as a partner in the Corporate, Finance and Investments practice group in New York from Morgan Lewis | Troutman Sanders’ Business Litigation practice added partners William Mayberry, Jason Evans and Joshua Davey in Charlotte from McGuireWoods | Sheppard Mullin added partners Brendan Dolan and Lucky Meinz to the Labor and Employment practice group in San Francisco from Vedder Price | Benesch’s Chicago office added litigator Scott A. McMillin (from Kirkland & Ellis); associates Sheila Prendergast and Tracey Starck to its Litigation Practice Group, and partners Scott P. Downing and Jason S. Greis to its Health Care & Life Sciences Practice Group | Blank Rome hired Stacy H. Louizos as a Partner in the Corporate, M&A, and Securities group (in New York) and will serve as Co-Chair of Blank Rome’s Investment Management group; she joins from Drinker Biddle & Reath (Faegre Drinker).
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