Litigation finance outfit Burford Capital has seen its turnover soar 59% to $163.4m in a year which saw the financer aggressively expand with a US merger. Profit after tax was also up 75% to $115m, while the listed company now manages $2.3bn for legal finance.
The eight-year-old company expanded its US offering with the acquisition of Chicago-based investment manager Gerchen Keller Capital for $160m, giving Burford a 20-person team in Chicago and an overall headcount of 80, including 40 lawyers.
