Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at the latest challenge to Big Law’s work on SPACs. Sign up to receive this column in your inbox on Thursday mornings. Programming Note: Big Law Business is off next week.
This is an uncertain time for Big Law practices that piled into the SPAC craze in the past two years.
Special purpose acquisition companies, which are alternatives to initial public offerings for presenting share sales, became so popular after years in financial obscurity that regulators are now ...