Core Insights - Burford Capital's research indicates that US companies are missing out on significant value in commercial class action matters by opting to remain in the class rather than pursuing individual claims [1][2]. Group 1: Survey Findings - An independent survey of 301 senior in-house lawyers revealed that 54% of respondents reported potential recoveries exceeding $50 million in the last five years, yet 62% typically chose to stay in the class [2][6]. - The survey highlighted that 71% of in-house lawyers believe opting out could increase their company's recovery by over 25% [9]. Group 2: Barriers to Opting Out - Anticipated litigation costs and uncertainty regarding outcomes are cited as the primary reasons for remaining in the class, with 73% of in-house lawyers identifying litigation costs as a key barrier [3][9]. - Despite 86% of in-house lawyers prioritizing the maximization of recoveries from commercial class actions, 84% would be more inclined to opt out if they were aware of the potential for significantly higher recoveries [9]. Group 3: Legal Finance as a Solution - Legal finance is presented as a solution to eliminate upfront litigation costs, which 73% of in-house lawyers view as a barrier to opting out [3][4]. - Only 39% of in-house lawyers have utilized legal finance for opt-out strategies, indicating a significant untapped opportunity to mitigate costs and maximize recoveries [9]. - Access to monetization financing, which allows businesses to convert expected recoveries into immediate capital, would make 71% of in-house lawyers more likely to opt out [9].

Financial Performance - Consolidated GAAP net income was $37 million for 1Q25[18] - Net income attributable to Burford Capital Limited shareholders was $31 million for 1Q25[18] - Capital provision income was $91 million, up more than 5x compared to 1Q24[23] - Asset management income was $14 million, doubled from 1Q24, driven by crystallization of performance fees and higher income from BOF-C[23] - Cash receipts totaled $819 million over the last four quarters[23] - Cash receipts of $258 million in 1Q25 were the second highest quarter on record[75] Portfolio Activity - New definitive commitments of $158 million nearly tripled compared to $55 million in both 1Q24 and 1Q23[23] - Deployments of $130 million nearly doubled compared to both 1Q24 and 1Q23[23] - Realizations of $163 million up more than 150% compared to both 1Q24 and 1Q23[23] - Fair value of YPF-related assets of $15 billion as of March 31, 2025[61]

Core Insights - The latest edition of The Burford Quarterly highlights how general counsels, law firm leaders, and private equity professionals are leveraging financial tools to navigate high-stakes litigation [1][2] - Legal finance is increasingly recognized as a transformative resource for corporations and law firms, providing data, analysis, and expert commentary on industry trends [1][2] Group 1: Legal Finance Trends - Leading attorneys discuss the impact of legal finance on traditional contingency fee models, indicating a shift in how legal services are priced and funded [2] - The edition includes insights from patent lawyers regarding the first year of data from the United Patent Court (UPC), showcasing the evolving landscape of patent litigation [2] - Burford experts present new data on the enforcement of judgments, emphasizing the importance of legal finance in ensuring compliance and recovery [2] Group 2: Strategic Implications - The Burford Quarterly aims to illustrate how legal finance has become a sophisticated strategy for optimizing cash flow, managing legal risk, and unlocking capital across various sectors [3] - The combination of robust data with real-world outcomes in this edition demonstrates the tangible impact of legal finance on complex legal and business decisions [3] - The publication serves as a resource for understanding the synergies between private equity and legal finance, highlighting potential investment opportunities [2][3] Group 3: Company Overview - Burford Capital is a leading global finance and asset management firm focused on law, involved in litigation finance, risk management, and asset recovery [4] - The firm is publicly traded on both the New York Stock Exchange and the London Stock Exchange, indicating its established presence in the financial markets [4] - Burford Capital operates a global network of offices, collaborating with companies and law firms worldwide [4]