Shepherd And Wedderburn secures financing from Burford Capital

Shepherd and Wedderburn today announced that it has secured a portfolio-based litigation finance arrangement from Burford Capital, a global finance firm focused on law.

The multi-million pound portfolio financing arrangement provides capital that Shepherd and Wedderburn may use to expand its ability to offer alternative fee arrangements to clients and grow the firm’s reach in commercial litigation and arbitration.

Such portfolio arrangements are intended to enable law firms to manage cash flow better, reduce risk exposure and provide a competitive advantage in attracting new business.

Guy Harvey, head of commercial and international disputes at Shepherd and Wedderburn (pictured), said: “This portfolio arrangement enhances our capacity to take on new matters on an alternative fee arrangement basis without adding risk to the firm. For clients, that makes us a more flexible and more competitive partner. We are pleased to be partnering with Burford, the clear leader in providing portfolio finance arrangements to law firms.”

Craig Arnott, managing director of Burford in London, said: “The UK legal market is changing and becoming increasingly competitive. Portfolio finance is an essential tool to help UK law firms be nimble and innovative to attract clients, and Burford is unmatched in our ability and our experience in portfolio finance for firms around the world. We are delighted that Shepherd and Wedderburn has taken a leadership position in the UK legal market in using portfolio finance to grow its business.”