Burford Capital Ltd (NYSE: BUR)

Burford Capital Limited is the world's largest dedicated provider of capital against the underlying value of litigation and legal assets, a practice commonly referred to as legal finance.

The company operates globally and serves the legal industry by offering a range of financial products and services.

Founded in 2009, Burford Capital Limited has committed more than twelve point one billion dollars into legal finance assets on a group wide basis and manages a portfolio valued at approximately seven point five billion dollars.

Its headquarters are located in Oak House Hirzel Street St Peter Port Guernsey GY1 2NP.

Burford Capital Limited generates revenue primarily from two sources.

The first is capital provision income earned from its Principal Finance activities, which includes interest returns and profit shares from litigation investments.

The second is asset management fees received for managing third party capital through private funds and sidecar vehicles.

Additional revenue streams include fees for legal risk management services such as adverse cost insurance and judgment enforcement offerings.

The company operates through the following segments: Principal Finance and Asset Management and Other Services.

• Principal Finance allocates capital from the company's balance sheet to legal finance assets, providing funding to litigants and law firms involved in high value disputes. It may also purchase claims or invest in assets whose value is affected by litigation. The segment offers legal risk management products, including adverse cost insurance through its subsidiary Burford Worldwide Insurance Limited, and generates the majority of the company's total revenue through capital provision income.

• Asset Management and Other Services manages legal finance assets on behalf of third party investors via private funds and sidecar structures, earning management and performance fees. As of December 31 2025 the segment oversaw approximately three point two billion dollars of assets under management and operated eight private funds and three sidecar funds. It also provides supplementary services to the legal industry such as judgment enforcement and administrative support for funded disputes.

Burford Capital Limited holds a leading position in the legal finance industry as the largest dedicated provider by portfolio size.

Its competitive advantages stem from a long track record of generating strong returns, a proprietary data set built from thousands of cases that informs underwriting decisions, substantial balance sheet scale, diversified funding sources, a skilled team and strong brand recognition.

While the industry includes other pure play legal finance firms and multi strategy investors that allocate capital to litigation, detailed public information on competitors is limited.

Nevertheless the company believes it is well positioned due to its scale, experience and market visibility.

Burford Capital Limited serves a diverse clientele that includes many of the world's largest corporations and leading law firms.

The company reports having engaged with ninety five of the one hundred largest US law firms and ninety three of the one hundred largest global law firms according to 2025 rankings.

In addition to these firms it works with regional law practices, litigation boutiques and corporate clients seeking to finance legal disputes or monetize legal assets.