Five years ago, technology investor and former Time Warner Inc. General Counsel Chris Bogart and Georgetown University law professor Jonathan Molot founded the litigation financing firm Burford Capital.
The concept had obvious appeal. To corporate CFOs, a winning verdict is an asset that can only be realized at some point in the future, while its associated costs — legal fees — are incurred in real time. So rather than spend cash every month to pursue a speculative, far-off asset, Burford finances…
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