RCS - Burford Capital Ltd - Burford Capital - $100m Equity Project Commitments

Burford CapitalAnnouncement

01/03/2022 17:01

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RNS Number : 2732D  Burford Capital Limited  01 March 2022

FOR IMMEDIATE RELEASE

 

 

Burford Capital surpasses $100 million in Equity Project commitments

 

With more than half of phase two funds committed, Burford crosses historic
milestone in cumulative commitments to promote diversity in law

 

 

New York City, March 1, 2022 - Burford Capital-the leading global finance and
asset management firm focused on law-today announces that it has crossed a
significant milestone in its groundbreaking initiative designed to increase
diversity in the business of law, with more than $100 million in cumulative
Equity Project
(https://www.burfordcapital.com/about-burford/citizenship/projects-container/the-equity-project/)
commitments made to back commercial litigation and arbitration led by female
and racially diverse lawyers.

 

The Equity Project earmarks legal finance capital to promote diversity by
giving historically underrepresented lawyers an edge as they pursue leadership
positions in significant commercial litigations and arbitrations. The Equity
Project also augments companies' ESG and DEI initiatives by providing
incentives for the firms that represent them to appoint historically
underrepresented lawyers and to award them origination credit.

 

The Equity Project first launched in October 2018 with $50 million earmarked
to back commercial matters led by women. After having committed more than that
amount by December 2020, Burford announced an expansion of The Equity Project
in October 2021, earmarking a further $100 million, broadening The Equity
Project's mission to promote both racial and gender diversity in law, and
pledging to contribute a portion of its profits from successfully resolved
phase two Equity Project matters to organizations that promote development for
female and racially diverse lawyers on its clients' behalf.

 

As of February 28, with more than half of phase two funds committed, Burford
has now made more than $100 million in cumulative commitments to Equity
Project matters.

 

Matters funded to date in this phase of The Equity Project include contract
disputes, antitrust, federal statutory, IP/patent and treaty arbitration
matters, with female and racially diverse litigators in leadership roles
(first or second chair) as well as women-owned firms. Clients include large
corporations and large litigation boutiques.

 

Aviva Will, Co-COO of Burford Capital and leader of The Equity Project
initiative, said: "We are delighted by the overwhelming response to phase two
of The Equity Project, particularly from corporate clients, and that's
reflected in the fact that we have crossed this significant milestone in a
short period of time. The Equity Project is core to Burford's culture and a
part of our daily work, and we look forward to committing the remaining
funding soon."

 

David Perla, Co-COO of Burford Capital, said: "I'm very pleased to see the
rapid commitment of our capital in phase two of The Equity Project. As the
industry leader, we recognize that we may be the only commercial legal finance
company with the resources to make such a significant financial commitment to
increasing diversity in law. We are aware of our unique position and take
seriously the significant impact Burford can have on the legal market in all
the work we do."

 

The Equity Project is supported by 26 Champions from leading companies, law
firms and organizations. A list of Champions and more information about The
Equity Project can be found on Burford's website
(https://www.burfordcapital.com/about-burford/citizenship/projects-container/the-equity-project/)
.

 

END

 

 

Contact:

David Helfenbein

Vice President, Public Relations

dhelfenbein@burfordcapital.com (mailto:dhelfenbein@burfordcapital.com) , +1
212 235 6824

 

About Burford Capital

Burford Capital is the leading global finance and asset management firm
focused on law. Its businesses include litigation finance
(https://www.burfordcapital.com/) and risk management, asset recovery and a
wide range of legal finance and advisory activities. Burford is publicly
traded on the New York Stock Exchange (NYSE: BUR) and the London Stock
Exchange (LSE: BUR), and it works with companies and law firms around the
world from its principal offices in New York, London, Chicago, Washington, DC,
Singapore and Sydney.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.

 

 

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