Burford was founded in 2009 by Jonathan Molot and Christopher Bogart, both of whom lead the company and own a combined 10% share. They raised capital in response to a mismatch in the desired methodologies for payment between corporations and law firms. The former wanted to pay on a contingency basis while the latter preferred to charge per hour. Given law firms’ cost structure, they had, and have, no alternative. Litigation finance companies bridged this gap.
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I'm glad you found it that way my friend. Take care!