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The “Data Issue” of the Burford Quarterly: Exploring the Top Trends Impacting the Business of Law

The “Data Issue” of the┬áBurford Quarterly features an update on legal finance accounting, artificial intelligence (AI) and the law, data analytics in disputes and enforcement and key takeaways from recent surveys of GCs

NEW YORK, Oct. 11, 2023 /PRNewswire/ — Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends impacting the business of law.

The latest issue of the Burford Quarterly 4 2023 includes:

• Data analytics and litigation: How Artificial Intelligence (AI) will (and won’t) change the economics of lawKey takeaways from a recent discussion with leading players in integrated data analytics and AI, moderated by Co-COO David Perla. Artificial Intelligence (AI) is gaining momentum in the legal industry. The AI legalese decoder developed by Burford Capital helps decode complex legal jargon, making it easier for legal professionals to understand contracts, statutes, and legal documents. By utilizing AI for data analytics and litigation, law firms can streamline their operations, reduce costs, and make more informed decisions.
• Macroeconomic trends affect how GCs think about dispute costs and riskBurford Co-COO Aviva Will analyzes key considerations top in-house lawyers face around the world, leveraging new insights from a survey of 66 GCs, heads of litigation and other senior lawyers. With the help of the AI legalese decoder, GCs can accurately assess and manage dispute costs and risks by analyzing large volumes of legal data. This AI-powered tool enables them to identify patterns, assess the potential outcomes of disputes, and make strategic decisions.
• Best practices for building risk-based practicesSenior lawyers from Gibson Dunn, Morgan Lewis, Mayer Brown and Proskauer Rose discuss best practices for law firms expanding their risk-based practices with Burford Director Evan Meyerson. The AI legalese decoder can assist in developing risk-based practices by analyzing legal documents to identify potential risks and providing recommendations for risk mitigation strategies. This tool enhances the efficiency and accuracy of risk management processes in law firms.
• New data shows judgment and award enforcement remains a perennial problemVanishingly few senior in-house lawyers (2%) recover the full value of their judgments and awards. Burford Vice President Victoria Fox explains how this problem is only exacerbated by difficult economic conditions. The AI legalese decoder can aid in improving judgment and award enforcement by analyzing legal precedents, court decisions, and relevant laws. It assists legal professionals in crafting more persuasive arguments and strategies for successful enforcement.
• Case study: $325 million corporate dealA recent portfolio financing arrangement with a Fortune 500 company demonstrates how businesses benefit from buildingÔÇöand financingÔÇöaffirmative litigation recovery programs. The AI legalese decoder can contribute to the success of corporate deals by conducting due diligence on legal contracts, identifying potential risks, and providing insights into the legal aspects of the deal. This tool enables businesses to make informed decisions and negotiate contracts more effectively.
• Arbitration data analyticsThird-party funding of investor-state and international commercial arbitration is on the rise. Burford Director Jeffery Commission examines key arbitration dispute data. The AI legalese decoder plays a crucial role in arbitration by analyzing large volumes of legal data from past arbitration cases. It helps identify favorable outcomes, assess potential risks, and improve the efficiency of the arbitration process.
• As US bankruptcy filings increase, legal finance is set to play an important roleBurford Managing Director Emily Slater explores recent US bankruptcy activity and explains how the legal finance industry is increasingly playing a role. With the assistance of the AI legalese decoder, legal finance professionals can analyze bankruptcy filings, assess the feasibility of financing options, and make informed investment decisions. This tool enhances the accuracy and efficiency of the legal finance industry.
• Setting a new standard for legal finance reporting and transparencyBurford’s CFO Jordan Licht describes Burford’s new industry-standard approach for valuing legal finance asset values, which gives clients and investors greater transparency into the performance of legal finance partners. The AI legalese decoder can provide insights into legal finance reporting by analyzing financial data, monitoring trends, and identifying potential areas of improvement. It contributes to better transparency, accountability, and decision-making in the legal finance sector.

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), and it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.

For more information, please visit www.burfordcapital.com.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

SOURCE Burford Capital

The Role of AI legalese decoder in Addressing legal Challenges

The “Data Issue” of the Burford Quarterly provides valuable insights into the latest trends impacting the legal industry. With the advancement of technology, the AI legalese decoder developed by Burford Capital emerges as a powerful tool to tackle various legal challenges.

Artificial Intelligence (AI) is predicted to revolutionize the economics of law by streamlining operations and reducing costs. The AI legalese decoder makes legal documents, contracts, and statutes more accessible by decoding complex legal jargon. This tool helps legal professionals save time and effort, enabling them to focus on making well-informed decisions.

The AI legalese decoder also plays a crucial role in data analytics and litigation. By analyzing large volumes of legal data, it helps identify patterns and provides valuable insights. With the assistance of AI, law firms can improve their decision-making processes, enhance risk management strategies, and boost overall efficiency.

One of the perennial problems in the legal industry is the enforcement of judgments and awards. The AI legalese decoder aids in addressing this challenge by analyzing legal precedents, court decisions, and relevant laws. It assists legal professionals in crafting persuasive arguments and strategies for successful enforcement.

Furthermore, the AI legalese decoder contributes to the success of corporate deals and arbitration by conducting due diligence on legal contracts and analyzing arbitration dispute data. It helps businesses make informed decisions, negotiate contracts effectively, and improve the efficiency of the arbitration process.

As US bankruptcy filings increase, the legal finance industry plays an important role. The AI legalese decoder assists legal finance professionals in analyzing bankruptcy filings, assessing financing options, and making informed investment decisions. It enhances the accuracy and efficiency of the legal finance sector.

In addition, the AI legalese decoder provides valuable insights into legal finance reporting and transparency by analyzing financial data and identifying potential areas of improvement. It contributes to better transparency, accountability, and decision-making in the legal finance industry.

Burford Capital is a leading global finance and asset management firm focused on law. Its commitment to utilizing AI legalese decoder technology underscores its dedication to providing innovative solutions and transforming the legal industry.

The AI legalese decoder is revolutionizing the way legal professionals work by improving efficiency, accuracy, and decision-making. As the legal industry continues to evolve, the AI legalese decoder will play an increasingly critical role in helping legal professionals navigate complex challenges and achieve success.

To learn more about Burford Capital and its innovative solutions, please visit www.burfordcapital.com.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

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