Q1 2020 SPAC IPO Legal League Tables

Below are the recently released Q1 2020 SPAC IPO Legal League Tables

As mentioned previously, this feels like an incomplete quarter since the SPAC window effectively came to a grinding halt in early March.  As a result, we're missing almost a month's worth of IPO pricings and now have a backlog of 12 SPACs on file to IPO.  However, SPACs did manage to IPO a total of 13 deals for gross proceeds of $3.925 billion in the Q1 2020, so it's still a fairly robust number. And the results do show quite a bit of movement within the Legal League...
Read More

Q4 & FY 2019 SPAC IPO Legal League Tables

Below are the recently released Q4 & Full Year 2019 SPAC IPO Legal League Tables

For Full Year (FY) 2019, Ellenoff Grossman & Schole ("EGS"), once again, dominated the SPAC IPO Legal League tables with an astounding 33 legal assignments. That means EGS was the counsel on more than half of the 59 SPACs to IPO this year.  Furthermore, EGS's Total Deal Volume was $7.3 billion, which accounts for approximately 27% of the 2019 SPAC IPO market share.  Compared to EGS's 22 SPAC legal assignments in 2018, they increased their deal count by 50% in 2019. A tremendous effort.
Read More

Q-3 & YTD 2019 SPAC IPO Legal League Tables

Below are the recently released Q-3 & YTD 2019 SPAC IPO Legal League Tables

For both the Third-Quarter, as well as Year-to-Date (YTD) 2019, Ellenoff Grossman & Schole ("EGS"), once again, led the SPAC IPO Legal League tables with a commanding number of legal assignments. Furthermore, EGS's Total Deal Volume was $1.957 billion, which accounts for nearly 30% of the SPAC Third-Quarter SPAC IPO market share.  For reference, there were a total of 14 SPAC IPOs priced in Q-3, so EGS's nine assignments as either Issuer's (5) or Underwriter's Counsel (4), meant they participated in a remarkable 64% of all SPACs this quarter.   
Read More

Q-2 & 1st Half 2019 SPAC IPO Legal League Tables

Below are the recently released Q-2 & First Half 2019 SPAC IPO Legal League Tables

The legal league tables had a few surprises in the second quarter. Notably, Winston & Strawn climbed to #1 based on total deal volume with $1.46 billion in legal assignments.  To put that into context, Winston & Strawn sat out the first quarter having not participated in any SPACs, but came on strong in Q-2 to land the top spot.  Overall, three of Winston's legal assignments were as Issuer's Counsel and one was as Underwriter's Counsel, with a total average deal size of $365 million.   
Read More

Q1 2019 SPAC Legal League Tables

Below are the recently released Q1 2019 SPAC Legal League Tables

Methodology: Each law firm is given full credit for the IPO size to calculate Deal Volume. Additionally, Deal Count is further broken out into Issuer's Counsel and Underwriter's Counsel to give greater visibility into into legal assignments. All data is initially sorted and ranked by Deal Volume, but each column is further sort-able by clicking on the arrow keys in the header cell of each column.

Read More

Q4 & Full-Year 2018 SPAC IPO Legal League Tables

Below are the recently released Q4 & Full-Year 2018 SPAC IPO Legal League Tables

To no one's surprise, Ellenoff Grossman and Schole ("EGS"), once again, led the SPAC IPO Legal League Tables for both the fourth quarter and Full-Year (FY) 2018.  EGS absolutely dominated the league this year with a whopping 22 assignments, 16 of which were as Issuer's Counsel.  Overall, EGS's 22 SPAC assignments accounted for a total 2018 deal volume of a massive $4.4 billion, representing approximately 40% of all SPAC IPO proceeds. 
Read More

Q3 and YTD 2018 SPAC IPO Legal League Tables

Below are the recently released Q3 & YTD 2018 SPAC IPO Legal League Tables

For both the third quarter and Year-to-Date (YTD) 2018, Ellenoff Grossman & Schole ("EGS"), once again, led the SPAC IPO Legal League with a commanding number of legal assignments.  EGS was counsel on seven SPACs in Q3, one more than their six assignments in the second quarter. Furthermore, looking at YTD 2018, EGS was legal counsel on a whopping 18 legal assignments, eight more than their nearest competitor, Graubard Miller.  Overall, EGS's 18 SPAC assignments accounted for total deal volume of a staggering $3.4 billion.  And we still have one more quarter to go...
Read More