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Burford Capital’s industry-leading legal finance team continues to grow

Burford Capital’s industry-leading legal finance team continues to grow

Burford Capital, the leading global finance and asset management firm focused on law, today announces it is further enhancing its industry-leading team and legal finance offerings to clients. In addition to new hires in New York, Washington and Chicago, Senior Vice President Dr. Jörn Eschment has relocated to Switzerland to oversee the growth of Burford’s substantial business in the DACH region of Germany, Austria and Switzerland.

Christopher Bogart, CEO of Burford Capital, said: “As the industry leader with a $4.8 billion portfolio, we continue to build Burford’s team to meet the needs of our clients and the continuing growth of our business.

“At Burford, we place significant emphasis on a collaborative culture, with strong intellectual and interpersonal dynamics at the heart of our organization. As we add experts to our team, we look for intelligent, thoughtful and creative individuals who always try to expand upon what is possible—which we believe we have found with each of these new additions.

“We are pleased to announce these new hires and Jörn’s move to the DACH region, which continue to amplify our position as the gold standard in commercial legal finance.”

The composition of Burford’s global team of over 140 employees – 66 of whom are lawyers – reflects its category leadership as well as its commitment to diversity, equity and inclusion, as half of Burford’s team are women, racial minorities or self-identify as LGBTQ.

Further growth of Burford’s industry-leading investment team

  • Apoorva Patel has joined Burford in Washington, DC, as a Vice President with a focus on assessing legal risk in international arbitration, a topic about which he writes and speaks regularly as a leader in several global and national lawyers’ organizations focused on international dispute resolution. Prior to joining Burford, he was most recently Counsel in WilmerHale’s international arbitration and international litigation practices. Mr. Patel graduated from Harvard Law School, where he served as editor-in-chief of the Harvard Negotiation Law Review. He earned his bachelor’s degree in public policy from Duke University, where he graduated magna cum laude. 
  • Gabriela Bersuder has joined Burford in New York as a Vice President. She previously practiced as a litigator at Patterson Belknap Webb & Tyler, where she represented Fortune 500 companies, food and beverage manufacturers and large corporations in complex commercial litigations, arbitrations and mediations. She clerked for the Honorable John G. Koeltl (Southern District of New York) and Honorable Christopher F. Droney (Second Circuit). Ms. Bersuder earned her law degree from Duke University School of Law and her bachelor’s degree in political science from Columbia University.
  • Peter McLaughlin has joined Burford in Chicago as a Vice President. Prior to Burford, he was a litigator at Sidley Austin, where he specialized in conducting investigations related to securities and healthcare regulation and served as counsel for jury trials, bankruptcy proceedings and arbitration hearings. He clerked for the Honorable James B. Zagel of the US District Court for the Northern District of Illinois. Prior to earning a law degree from Northwestern University School of Law, he was a trading analyst at Credit Suisse. Mr. McLaughlin is a graduate of Georgetown University.

Dedicated staff to pursue business opportunities in DACH region

  • Dr. Jörn Eschment, Senior Vice President, has relocated to Zug, Switzerland, to oversee the growth of Burford’s substantial business in Germany, Austria and Switzerland. Prior to joining Burford’s investment team in London in 2018, he practiced international commercial arbitration and litigation at Herbert Smith Freehills in Hong Kong and at Schellenberg Wittmer in Zurich. Dr. Eschment read law at the universities of Freiburg, Liverpool, Marburg and Passau, graduating with the German Staatsexamen, an LLM in European law and a doctorate in public international law, all with distinction. He also holds a master’s from the War Studies Department at King’s College London.

Additional talent augments new business origination team 

  • Bill Walker has joined Burford in Washington, DC, as a Director, building on a career spanning consulting, in-house and law firm roles. Most recently he expanded Deloitte’s law-focused business development efforts with key clients at Fortune 500 companies, publicly traded middle-market companies and law firms. Previously he founded Ansun Management Partners, a boutique professional services firm, was a corporate attorney specializing in complex corporate transactions at several large multi-national law firms and was an in-house lawyer at the American Red Cross. Mr. Walker earned his JD from the University of Connecticut School of Law, where he served as articles editor of the Connecticut Journal of International Law, and his bachelor’s in economics from College of the Holy Cross. 

Global organization strengthened with top talent across business functions

  • Chermia S. Hoeffner has joined Burford as Vice President, Human Resources. Prior to joining Burford, she was Head of Human Resources at the National Audubon Society, where she led the human resources team, implemented organization-level job architecture and developed policies, procedures and initiatives crucial to the overall strategy at Audubon. Ms. Hoeffner has also worked in human resources roles at TIAA-CREF, Mercer and Osler, Hoskin & Harcourt LLP. She has over two decades of experience managing a broad range of HR functions at global organizations. Ms. Hoeffner graduated with an MBA in management from Pace University and a bachelor’s in English from SUNY-Albany.
  • David Helfenbein has joined Burford as Vice President, Public Relations. He has over a decade of experience in litigation and legal communication, crisis management, public affairs, government relations and public policy. Prior to joining Burford, he worked as an Associate Director at Finsbury Glover Hering and held senior roles at several public relations firms and branding agencies. He began his career working in the US Senate, followed by the US Department of State. Mr. Helfenbein earned his law degree from the School of Law at Washington University in St. Louis and his bachelor’s degree, magna cum laude, from the University of Pennsylvania.
  • Ilya Podolskiy, CPA, CGMA, CRMA, Cr. FAC, has joined Burford as Vice President, Sarbanes-Oxley (SOX) Compliance. Mr. Podolskiy has over a decade of experience implementing audit and SOX strategies. He was previously a SOX Manager for Sirius Group and for Assured Guaranty. Prior to that, Mr. Podolskiy held roles with internal audit functions including Senior Internal Auditor for American International Group (AIG) and Tokyo Marine North American Services (TMNAS). Mr. Podolskiy earned his bachelor’s in accounting from CUNY Hunter College and his master’s in taxation from Villanova School of Law.
  • Phillip Lu has joined as Head of Burford’s Project Management Office, with responsibility for Burford’s program/project management, business analysis and strategic planning capabilities. He was previously a Director at KPMG, where he evaluated and developed new digital and data strategies, technologies and business models; he also served as a Senior Manager at EY. Mr. Lu began his career as a management consultant and held technology strategy and project management roles at Morgan Stanley and Merrill Lynch. He earned his bachelor’s in economics from New York University.

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk managementasset 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 principal offices in New York, London, Chicago, Washington, Singapore and Sydney.

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Court of Appeal Shuts Down BHP’s Attempt to Overturn Mariana Liability Judgment

By John Freund |

The Court of Appeal of England and Wales today refused BHP’s application for permission to appeal the High Court’s landmark liability judgment in the Mariana disaster litigation.

The High Court found BHP responsible for the 2015 collapse of the Fundão tailings dam in Mariana, Minas Gerais, Brazil, concluding that BHP is liable for the disaster under both the Brazilian Civil and Environmental law.

The Court of Appeal heard BHP’s application for permission to appeal the decision on 12 March after BHP was refused permission to appeal by the High Court in January.  BHP asked the court for permission to contest the findings that it was a polluter, and that it had knowledge of the risks associated with the dam before the collapse. The mining company also challenged the finding that all claimants brought their claims in time.

The Court of Appeal’s refusal marks a further victory for the hundreds of thousands of Brazilian victims who have spent over ten years pursuing justice, and a major setback for BHP. The High Court’s liability judgment remains in force, and BHP has exhausted the ordinary routes by which it could seek to overturn it.

In today’s ruling, the court concluded that BHP’s proposed grounds of appeal have no real prospect of success and there is no other compelling reason for the appeal to be heard.  The decision means that the parties will proceed to the trial of Stage 2 of the proceedings, which will determine issues of causation, loss and damages. The trial evidence is to be heard from April 2027 to December 2027, with closing submissions listed for March 2028.

Lord Justice Fraser wrote in the decision: “I do not accept that any of the grounds relating to BHP’s liability for the dam collapse are reasonably arguable. I do not consider that there is any foundation for the different complaints that the trial judge failed to engage with BHP’s case."

Jonathan Wheeler, lead partner for the Mariana litigation at Pogust Goodhead, said: “The Court of Appeal has now joined the High Court in finding that BHP’s grounds of appeal have no real prospect of success - an emphatic and unambiguous outcome. BHP remains liable for the worst environmental disaster in Brazil’s history, and it will not be given another bite at the cherry.”

“Our clients have waited more than a decade for justice while BHP pursued every procedural avenue to avoid accountability; those avenues are now closed. We are focused on securing the compensation that hundreds of thousands of Brazilians have been owed for far too long.”

Loopa Finance Wins at the Lexology European Awards 2026 in the Litigation / General Counsel Category

By John Freund |

Loopa Finance has been recognized as the winner in the Litigation – General Counsel Team category at the Lexology European Awards 2026, one of the leading recognitions in the international legal sector.

The award was received in London by Ignacio Delgado, General Counsel Europe at the firm, on behalf of Loopa Finance’s European team, composed of Ignacio Delgado (General Counsel Europe), Marina Gouveia (Investment Manager), Fernando Pérez Lozada (Senior Investment Manager), and Fernando Folgueiro (Managing Partner).

The Lexology European Awards recognize outstanding legal teams across the region through a methodology that combines independent research, quantitative and qualitative analysis, and thousands of nominations supported by clients and industry peers, as well as the annual research conducted by the Lexology Index (formerly Who’s Who Legal) and Client Choice.

The selection process is based on performance evaluations related to effective communication, commercial understanding, technical expertise, strategic management, and team strength, and is supported by a global community of more than 940,000 subscribers.

This recognition positions Loopa Finance’s European team among the leading practitioners in complex litigation and strategic legal management in Europe.

“This award reflects the strength of a team operating across two continents that understands litigation not only from a legal perspective, but also through financial analysis and risk management. It is the result of collective work and a rigorous, strategic approach to structuring complex disputes,” said Delgado during the ceremony.

More Than an Award: Validation of a Model

The award comes at a time of consolidation for the firm. Loopa Finance recently completed its rebranding process, evolving from Qanlex to Loopa Finance and reinforcing an identity aligned with its growth in continental Europe and its broader international positioning.

It also coincides with the closing of Fund III, raising €65 million to finance complex litigation and arbitration across Europe and Latin America, significantly expanding the firm’s investment capacity and supporting the continued growth of its platform in the region.

This milestone adds to the firm’s recent rankings, including its Band 1 classification by Chambers & Partners in Latin America and Europe, its recognition as “Highly Recommended” by Leaders League across multiple jurisdictions, and the inclusion of members of its team among the Thought Leaders in Third-Party Funding by the Lexology Index. Together, these results confirm the strength of Loopa Finance’s model and the consolidation of its team as a reference in the strategic financing of disputes at an international level.

About Loopa Finance

Loopa Finance is an investment fund specializing in the financing and monetization of litigation and arbitration across continental Europe and Latin America, supported by a technology-driven model and rigorous risk analysis. The firm provides capital to cover legal costs or monetize ongoing claims through non-recourse structures, where the recovery of the investment depends exclusively on the successful outcome of the case, assuming the financial risk of the dispute while fully aligning its interests with those of clients and law firms.

Pravati Capital Partners with SEI to Bring Litigation Finance to Registered Investment Advisors

By John Freund |

One of the oldest litigation finance firms in the United States has announced a strategic partnership aimed at expanding mainstream investor access to the asset class.

As reported by Business Wire via Yahoo Finance, Scottsdale-based Pravati Capital has partnered with financial services firm SEI to provide registered investment advisors with structured access to litigation finance as an alternative investment option. The collaboration will leverage SEI's distribution platform to make litigation funding opportunities available within advisor portfolios.

The partnership reflects growing institutional interest in litigation finance as an alternative asset class. Historically, litigation funding has been difficult for mainstream financial advisors to access on behalf of their clients, with the market largely dominated by specialized funds and institutional investors. The Pravati-SEI arrangement seeks to bridge that gap by creating a more accessible pathway for advisors seeking diversification through non-correlated investments.

The announcement underscores a broader industry shift as litigation finance continues to move from a niche strategy toward greater acceptance within traditional wealth management channels. As the global litigation funding market grows — projected to reach over $25 billion in 2026 — partnerships like this one may signal a new phase of institutional adoption.