The litigation finance powerhouse Burford Capital is delving into intellectual property claims for the first time, and it’s tapped former Proskauer Rose LLP partner Justin Daniels to lead the effort from Boston.
Burford, based in London, is one of the largest litigation finance firms in the world, with a market capitalization of $641 million. Legal financiers front litigation expenses for both law firms and companies, in return for a share of any monetary award to come from the litigation. In the case of Burford, it also lends and provides a host of other financial and professional services to law firms.
Burford has been around since 2009, but has largely stayed out of the intellectual property space. Recently, however, enough customers have started clamoring for capital for IP disputes that it decided to hire Daniels to help its underwriters review IP matters for potential investment opportunities.
