In a bold strategic move, Burford Capital has appointed Travis Lenkner as its new Chief Development Officer, signaling a major expansion into law firm investments and cutting-edge legal technologies. Lenkner, a seasoned legal industry professional, steps into this role with a mandate to explore innovative business avenues for the litigation finance titan.
Based in London, Lenkner joins Burford’s management committee after a stint with the company following its acquisition of Gerchen Keller Capital in 2016. His new role will see him focusing on broadening Burford’s investment portfolio, which now includes potential equity stakes in law firms and advancements in legal technology, including artificial intelligence.
Lenkner, who previously co-founded and led Keller Lenkner—now Keller Postman—has been investing in and advising law firms and tech startups since his departure from the firm in 2022. He aims to leverage Burford’s financial success to tap into these emerging sectors, seeking opportunities to invest in law firms and innovate legal service delivery.
Notably, Burford’s 2020 investment in a U.K. litigation firm underscores its growing interest in law firm equity, a strategy not commonly seen in the U.S. due to restrictive ethics rules. However, with regulatory changes in states like Arizona and Utah, and Burford’s international presence, the company is well-positioned to drive forward-thinking legal investments.
Founded in 2009, Burford Capital remains a trailblazer as the only publicly traded U.S. litigation finance firm. The sector has seen substantial growth, with $15.2 billion in assets under management as of 2023. Despite a slight dip in new deal commitments last year due to broader financial market shifts, Burford’s latest initiative under Lenkner’s leadership promises to push the boundaries of legal finance and technology.
