Burford Capital Expected to Join Russell 3000® and 2000® Indexes

Core Insights - Burford Capital is set to join the Russell 3000® and Russell 2000® Indexes, marking the first entry of legal finance as an emerging asset class into these indexes, effective July 1, 2024 [1][2] - The inclusion of Burford in these indexes highlights its growth and the increasing demand for legal finance services among Fortune 500 companies and major law firms [2][3] Company Overview - Burford Capital, founded in 2009, specializes in litigation finance, risk management, and legal advisory services, and has a multi-billion dollar portfolio [2][4] - The company has achieved significant milestones, including a landmark judgment of approximately $16 billion in a case against Argentina, which is the largest in the history of the US District Court for the Southern District of New York [2] Market Position - Burford's CEO emphasized the growing recognition among business leaders of legal finance as a means to transform legal departments into capital sources, evidenced by a recent $325 million commitment from a Fortune 50 company [3] - The Russell indexes are widely utilized by investment managers and institutional investors, with about $10.5 trillion in assets benchmarked against them as of December 2023 [3]