Litigation Funding Is ‘Venture Capital’ Risky, Burford CEO Says

Burford Capital’s CEO compared the litigation finance business to the hit-big-or-miss model of venture capital firms. What’s more, he said in his response to a short-seller attack, it can be difficult to predict what cases will hit it big.

Yacht Party: The litigation funder’s problems are illustrated by its efforts to value its stake in a Russian oligarch’s $490 million yacht parked in a Dubai port. Read more from Jonathan Browning and Thomas Beardsworth.

Risky Business: The funder’s comparison to venture capital serves as a warning to law firm partners who are considering risking their own capital in contingency fee ...