Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > BURFORD CAPITAL’S SECOND ANNUAL SURVEY FINDS SHARP INCREASE IN ACCEPTANCE OF LITIGATION FINANCE AND DRAMATIC INCREASE IN CFO INVOLVEMENT IN LITIGATION EXPENSE MANAGEMENT

BURFORD CAPITAL’S SECOND ANNUAL SURVEY FINDS SHARP INCREASE IN ACCEPTANCE OF LITIGATION FINANCE AND DRAMATIC INCREASE IN CFO INVOLVEMENT IN LITIGATION EXPENSE MANAGEMENT

Published by Gbaf News

Posted on January 17, 2014

5 min read

Last updated: January 22, 2026

Ceramic adhesives market growth trends and projections - Global Banking & Finance Review — An insightful representation of the ceramic adhesives market, highlighting projected growth and trends across key sectors like construction and healthcare, as discussed in the article.

Burford Capital’s second annual survey on litigation finance showed a sharp increase in the number of lawyers who said that they think litigation finance is a useful tool – up 15% from last year to 79%. The survey also found CFOs to be dramatically more active in thinking about and managing litigation costs.

Christopher Bogart

Christopher Bogart

Other highlights of the survey include:

Pressure on law firm fees and in-house legal budgets is intense. 77% of private practice lawyers surveyed said the number one business challenge they face is pressure to discount their fees; amongst general counsel and financial executives, the number one business challenge is increased costs cutting and cost-consciousness generally (75% and 81%, respectively);
Awareness of litigation finance is high. 91% of private practice lawyers are aware of the option of litigation finance (also known as third-party funding); the same is true of 85% of in-house counsel; and
CFOs appear to be more focused on litigation costs than ever before: 83% of CFOs believe that litigation finance is a useful tool and 58% of CFOs believe that their companies have had a case that could benefit from litigation finance – almost triple last year’s response of 22%. Moreover, fully half of all CFOs believe that counsel should present litigation finance as a payment option in every new case.
For the second year in a row, 20% of the private practice lawyers surveyed indicated they are currently handling a case that could benefit from litigation finance. At the same time, 79% of such lawyers said that they think litigation finance is a useful tool and allows non-contingency firms to do cases they otherwise would not, an increase of 15% over the prior year.

Christopher Bogart, CEO of Burford Capital, remarked:

“Our survey results this year reinforce the significant market need for litigation finance. The practice of litigation finance offers a solution to the increasing expense of litigation for clients, and allows good cases to get to great firms – firms whose chosen business models don’t allow for a significant number of full contingency fee cases.”

Burford Capital is the world’s largest provider of investment capital and risk solutions for litigation. Burford’s annual survey is the only such survey of the litigation finance market in the U.S. This year, the topic areas addressed included i) general business climate; ii) awareness of litigation finance; iii) perceptions of litigation finance; and iv) demand for litigation finance. In addition to the highlights above, the survey also includes data on the increased use of boutique firms by in-house counsel, and the involvement of financial executives within corporations regarding decisions on litigation.

The survey was conducted by Briefcase Analytics, a leading business intelligence firm, and surveyed litigation partners at private practice law firms as well as general counsel and financial executives serving large and mid-sized corporations.

For more information, see the 2013 survey results: www.burfordcapital.com/2013/12/survey-results/

Burford Capital’s second annual survey on litigation finance showed a sharp increase in the number of lawyers who said that they think litigation finance is a useful tool – up 15% from last year to 79%. The survey also found CFOs to be dramatically more active in thinking about and managing litigation costs.

Christopher Bogart

Christopher Bogart

Other highlights of the survey include:

Pressure on law firm fees and in-house legal budgets is intense. 77% of private practice lawyers surveyed said the number one business challenge they face is pressure to discount their fees; amongst general counsel and financial executives, the number one business challenge is increased costs cutting and cost-consciousness generally (75% and 81%, respectively);
Awareness of litigation finance is high. 91% of private practice lawyers are aware of the option of litigation finance (also known as third-party funding); the same is true of 85% of in-house counsel; and
CFOs appear to be more focused on litigation costs than ever before: 83% of CFOs believe that litigation finance is a useful tool and 58% of CFOs believe that their companies have had a case that could benefit from litigation finance – almost triple last year’s response of 22%. Moreover, fully half of all CFOs believe that counsel should present litigation finance as a payment option in every new case.
For the second year in a row, 20% of the private practice lawyers surveyed indicated they are currently handling a case that could benefit from litigation finance. At the same time, 79% of such lawyers said that they think litigation finance is a useful tool and allows non-contingency firms to do cases they otherwise would not, an increase of 15% over the prior year.

Christopher Bogart, CEO of Burford Capital, remarked:

“Our survey results this year reinforce the significant market need for litigation finance. The practice of litigation finance offers a solution to the increasing expense of litigation for clients, and allows good cases to get to great firms – firms whose chosen business models don’t allow for a significant number of full contingency fee cases.”

Burford Capital is the world’s largest provider of investment capital and risk solutions for litigation. Burford’s annual survey is the only such survey of the litigation finance market in the U.S. This year, the topic areas addressed included i) general business climate; ii) awareness of litigation finance; iii) perceptions of litigation finance; and iv) demand for litigation finance. In addition to the highlights above, the survey also includes data on the increased use of boutique firms by in-house counsel, and the involvement of financial executives within corporations regarding decisions on litigation.

The survey was conducted by Briefcase Analytics, a leading business intelligence firm, and surveyed litigation partners at private practice law firms as well as general counsel and financial executives serving large and mid-sized corporations.

For more information, see the 2013 survey results: www.burfordcapital.com/2013/12/survey-results/