SPAC Legal Counsels | SPAC Research

Rank	Counsel	Volume ($M)	Deal Count (Total)	Deal Count (Issuer Counsel)	Deal Count (UW Counsel)	Avg Size ($M)	% Share
1	Ellenoff Grossman & Schole	67,134.4	297	170	127	226.0	11.76%
2	Skadden, Arps, Slate, Meagher & Flom	61,214.3	176	56	120	347.8	10.73%
3	Kirkland & Ellis	59,263.0	188	118	70	315.2	10.38%
4	Ropes & Gray	45,104.3	117	22	95	385.5	7.90%
5	Davis, Polk & Wardwell	44,023.3	126	33	93	349.4	7.71%
6	White & Case	40,713.9	126	62	64	323.1	7.13%
7	Weil, Gotshal & Manges	27,420.7	59	44	15	464.8	4.80%
8	Graubard Miller	25,600.9	128	43	85	200.0	4.49%
9	Winston & Strawn	17,183.6	58	39	19	296.3	3.01%
10	Greenberg Traurig	16,851.0	72	41	31	234.0	2.95%
11	Latham & Watkins	15,387.1	47	25	22	327.4	2.70%
12	Shearman & Sterling	14,251.3	46	6	40	309.8	2.50%
13	Loeb & Loeb	13,177.3	110	68	42	119.8	2.31%
14	Paul, Weiss, Rifkind, Wharton & Garrison	12,968.6	30	26	4	432.3	2.27%
15	Paul Hastings	12,019.2	47	9	38	255.7	2.11%
16	Vinson & Elkins	10,771.2	33	24	9	326.4	1.89%
17	Sidley Austin	6,331.1	30	10	20	211.0	1.11%
18	Goodwin Procter	5,957.9	23	22	1	259.0	1.04%
19	Reed Smith	5,843.9	32	17	15	182.6	1.02%
20	Ledgewood PC	5,600.0	18	18	0	311.1	0.98%
21	Freshfields Bruckhaus Deringer US	4,629.5	13	2	11	356.1	0.81%
22	DLA Piper	4,592.3	20	11	9	229.6	0.80%
23	Sullivan & Cromwell	4,099.3	11	7	4	372.7	0.72%
24	Cadwalader, Wickersham & Taft	4,001.9	6	6	0	667.0	0.70%
25	Proskauer Rose	2,778.5	13	5	8	213.7	0.49%
26	McDermott Will & Emery	2,290.0	13	8	5	176.2	0.40%
27	Schiff Hardin	2,237.1	18	6	12	124.3	0.39%
28	Gibson, Dunn & Crutcher	2,171.2	7	7	0	310.2	0.38%
29	Cleary Gottlieb Steen & Hamilton	2,036.5	6	5	1	339.4	0.36%
30	Akin Gump Strauss Hauer & Feld	2,024.1	6	2	4	337.4	0.35%
31	Cravath, Swaine & Moore	1,941.0	7	1	6	277.3	0.34%
32	Simpson Thacher & Bartlett	1,877.5	7	3	4	268.2	0.33%
33	Nelson Mullins Riley & Scarborough	1,700.8	12	8	4	141.7	0.30%
34	Milbank	1,356.0	4	3	1	339.0	0.24%
35	Morrison & Foerster	1,325.5	5	4	1	265.1	0.23%
36	Cooley	1,309.8	7	6	1	187.1	0.23%
37	Wachtell, Lipton, Rosen & Katz	1,000.0	4	4	0	250.0	0.18%
38	Hunter Taubman Fischer & Li	876.0	11	5	6	79.6	0.15%
39	Blank Rome	853.5	7	3	4	121.9	0.15%
40	Hughes, Hubbard & Reed	736.0	3	3	0	245.3	0.13%
41	Sheppard, Mullin, Richter & Hampton	661.3	5	2	3	132.2	0.12%
42	King & Spalding	652.5	3	2	1	217.5	0.11%
43	Debevoise & Plimpton	620.0	2	2	0	310.0	0.11%
44	Morgan, Lewis & Bockius	600.0	1	1	0	600.0	0.11%
45	Venable	592.3	3	3	0	197.4	0.10%
46	Willkie Farr & Gallagher	588.8	3	3	0	196.3	0.10%
47	Fried, Frank, Harris, Shriver & Jacobson	575.0	1	1	0	575.0	0.10%
48	Orrick, Herrington & Sutcliffe	553.0	2	2	0	276.5	0.10%
49	Mintz, Levin, Cohn, Ferris, Glovsky and Popeo	527.0	4	1	3	131.8	0.09%
50	White & Williams	524.4	5	1	4	104.9	0.09%
51	Crowell & Moring	516.3	3	3	0	172.1	0.09%
52	K&L Gates	510.5	3	2	1	170.2	0.09%
53	Lucosky Brookman	507.6	3	0	3	169.2	0.09%
54	Rimon	460.0	3	3	0	153.3	0.08%
55	Perkins Coie	450.0	2	2	0	225.0	0.08%
56	The Loev Law Firm	427.0	4	1	3	106.8	0.07%
57	Wilmer Cutler Pickering Hale and Dorr	423.8	2	1	1	211.9	0.07%
58	Thompson & Knight	414.0	1	1	0	414.0	0.07%
59	Troutman Pepper Hamilton Sanders	391.0	2	1	1	195.5	0.07%
60	Manatt, Phelps & Phillips	365.2	3	1	2	121.7	0.06%
61	Harter Secrest & Emery	365.0	3	2	1	121.7	0.06%
62	Wilson Sonsini Goodrich & Rosati	345.0	1	1	0	345.0	0.06%
63	Pillsbury Winthrop Shaw Pittman	345.0	1	1	0	345.0	0.06%
64	Brown Rudnick	345.0	1	1	0	345.0	0.06%
65	Becker & Poliakoff	341.0	5	5	0	68.2	0.06%
66	Haynes and Boone	330.1	3	3	0	110.0	0.06%
67	Ledgewood	325.7	2	2	0	162.8	0.06%
68	Hughes Hubbard & Reed	304.8	1	1	0	304.8	0.05%
69	Kramer Levin Naftalis & Frankel	301.4	5	1	4	60.3	0.05%
70	Linklaters	287.5	1	1	0	287.5	0.05%
71	BraunHagey & Borden	287.5	1	1	0	287.5	0.05%
72	Katten Muchin Rosenman	287.5	2	1	1	143.8	0.05%
73	Steptoe & Johnson	276.0	1	1	0	276.0	0.05%
74	Gunderson Dettmer Stough Villeneuve Franklin & Hachigian	276.0	1	1	0	276.0	0.05%
75	Dechert	258.8	1	1	0	258.8	0.05%
76	Ortoli Rosenstadt	257.5	2	0	2	128.7	0.05%
77	Baker & McKenzie	243.0	1	1	0	243.0	0.04%
78	Cozen O’Connor, Minneapolis, Minnesota	230.0	1	1	0	230.0	0.04%
79	Holland & Knight	230.0	2	0	2	115.0	0.04%
80	Morrison Cohen	230.0	1	1	0	230.0	0.04%
81	Foley & Lardner	218.5	2	2	0	109.3	0.04%
82	Mayer Brown	215.0	2	1	1	107.5	0.04%
83	Hogan Lovells	207.5	2	1	1	103.8	0.04%
84	Jones Day	207.0	1	1	0	207.0	0.04%
85	Davis Graham & Stubbs	207.0	1	1	0	207.0	0.04%
86	McCarter & English	182.6	1	0	1	182.6	0.03%
87	Tarter Krinsky & Drogin	172.5	1	1	0	172.5	0.03%
88	Carter Ledyard & Milburn	172.5	1	1	0	172.5	0.03%
89	O’Melveny & Myers	172.5	1	1	0	172.5	0.03%
90	Alston & Bird	172.5	1	0	1	172.5	0.03%
91	Eversheds Sutherland	172.5	1	1	0	172.5	0.03%
92	Scarinci & Hollenbeck	172.5	3	0	3	57.5	0.03%
93	Husch Blackwell	172.5	1	1	0	172.5	0.03%
94	Seward & Kissel	151.7	1	1	0	151.7	0.03%
95	Gennari Aronson	136.0	1	1	0	136.0	0.02%
96	Baker Botts	130.0	1	0	1	130.0	0.02%
97	Pryor Cashman	126.5	1	1	0	126.5	0.02%
98	Fox Rothschild	125.0	1	1	0	125.0	0.02%
99	Dentons	115.0	1	1	0	115.0	0.02%
100	Olshan Frome Wolosky	115.0	1	1	0	115.0	0.02%
101	Mitchell Silberberg & Knupp	115.0	1	0	1	115.0	0.02%
102	Ballard Spahr	101.2	1	0	1	101.2	0.02%
103	Sichenzia Ross	86.3	1	1	0	86.3	0.02%
104	Horwitz + Armstrong	72.8	1	1	0	72.8	0.01%
105	Akerman	69.0	1	1	0	69.0	0.01%
106	Raiti	46.0	1	1	0	46.0	0.01%
107	Giordano, Halleran & Ciesla	39.0	1	1	0	39.0	0.01%

Credit for Volume ($M) is awarded to both Issuer and Underwriter Counsel