To no one's surprise, the top three SPAC underwriters for 2017 were (ranked by volume) Credit Suisse, Citigroup and Deutsche Bank. These three banks are a formidable presence in the Special Purpose Acquisition Company market and continue to lead the sector while accounting for 52.6% of the total market share in 2017.
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It's been an active quarter for Ellenoff Grossman & Schole ("EGS"), as they are once again leading the Special Purpose Acquisition Company Legal League for Issuer's Counsel with four assignments. EGS leads the quarter overall in the categories of Total Volume(#1), Total Deal Count(#1), Issuer's Counsel(#1) and Market share (19.6%).
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Let's drill down on the 2017 SPAC IPO Legal League results...
As you can see, the top three law firms providing legal counsel to Special Purpose Acquisition companies (by volume) are Weil, Gotshal & Manges, Ellenoff Grossman & Schole ("EGS"), and Skadden, Arps, Slate, Meagher & Flom ("Skadden"), accounting for nearly 50% of the market share.
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