What will Shepherd and Wedderburn's portfolio financing deal mean for the UK litigation market?

After Burford's multimillion-pound litigation funding deal with Shepherd and Wedderburn, will other law firms follow suit?

Shepherd and Wedderburn’s portfolio financing arrangement with litigation funder Burford Capital is being touted as the first agreement of its kind for a top 100 UK law firm.

The deal will see the Scots firm receive an eight-figure sum from Burford, which it can use to provide alternative fee arrangements to clients, with the funder set to receive a portion of the proceeds from any successful litigation.

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