Tag Archives: Specialty finance

For those of you who are intimately familiar with Burford (there seem to be a lot of you!), bear with me for a few paragraphs as I run through some preliminary concepts for newcomers.    Here is how Burford represents the returns it has generated on its portfolio: ROIC is simply the profits realized on […]

This is a two-parter. Part 1, today’s post, discusses the industry and Burford’s putative moat; Part 2, which will be posted a week from today, digs into Burford’s reported returns (including Cannacord Genuity’s skepticism thereof) and valuation. Law firms are staid institutions, averse to change and culturally ill-suited to bearing risk on high stakes IP […]