SPAC IPO law firms league table, 2025
The most active SPAC IPO law firms in 2025, ranked by deals as company counsel. Ellenoff Grossman & Schole ranks first with 29 deals.
All years 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
| # | Firm | Company counsel | Underwriters' counsel | Proceeds, as company counsel | Median deal |
|---|---|---|---|---|---|
| 1 | Ellenoff Grossman & Schole | 29 | 27 | $5.69B | $210M |
| 2 | Loeb & Loeb | 20 | 22 | $3.15B | $181.2M |
| 3 | Greenberg Traurig | 10 | 6 | $1.81B | $200M |
| 4 | Perkins Coie | 8 | 0 | $1.57B | $162.5M |
| 5 | Paul Hastings | 7 | 1 | $1.26B | $205M |
| 6 | DLA Piper | 5 | 12 | $970M | $200M |
| 7 | Winston & Strawn | 5 | 3 | $910M | $200M |
| 8 | White & Case | 4 | 7 | $831M | $210M |
| 9 | Graubard Miller | 4 | 7 | $235M | $75M |
| 10 | Davis Polk | 3 | 4 | $1.65B | $400M |
| 11 | Sichenzia Ross Ference Carmel | 3 | 1 | $370M | $100M |
| 12 | Robinson & Cole | 3 | 2 | $125M | $62.5M |
| 13 | Kirkland & Ellis | 2 | 13 | $720M | $360M |
| 14 | Latham & Watkins | 2 | 1 | $500M | $250M |
| 15 | Lowenstein Sandler | 2 | 1 | $410M | $205M |
| 16 | Skadden, Arps | 2 | 3 | $400M | $200M |
| 17 | Edelman Legal Advisory | 2 | 0 | $325M | $162.5M |
| 18 | Weil, Gotshal & Manges | 1 | 0 | $312M | $312M |
| 19 | Holland & Knight | 1 | 4 | $300M | $300M |
| 20 | Paul, Weiss | 1 | 0 | $300M | $300M |
| 21 | Wachtell Lipton | 1 | 0 | $300M | $300M |
| 22 | King & Spalding | 1 | 6 | $220M | $220M |
| 23 | Morgan Lewis | 1 | 1 | $220M | $220M |
| 24 | Reed Smith | 1 | 0 | $220M | $220M |
| 25 | Cleary Gottlieb | 1 | 0 | $200M | $200M |
| 26 | Herbert Smith Freehills | 1 | 0 | $200M | $200M |
| 27 | Morrison & Foerster | 1 | 0 | $200M | $200M |
| 28 | Duane Morris | 1 | 0 | $180M | $180M |
| 29 | Gibson Dunn | 1 | 0 | $175M | $175M |
| 30 | Sidley Austin | 1 | 0 | $175M | $175M |
| 31 | Norton Rose Fulbright | 1 | 0 | $150M | $150M |
| 32 | Willkie Farr & Gallagher | 1 | 0 | $150M | $150M |
| 33 | Cohen & Gresser | 1 | 0 | $125M | $125M |
| 34 | Dykema Gossett | 1 | 0 | $120M | $120M |
| 35 | Mitchell Silberberg & Knupp | 1 | 0 | $100M | $100M |
| 36 | Holland & Hart | 1 | 0 | $80M | $80M |
| 37 | Han Kun | 1 | 1 | $60M | $60M |
| 38 | Hunter Taubman Fischer & Li | 1 | 0 | $60M | $60M |
| 39 | Venable | 1 | 0 | $60M | $60M |
| 40 | Becker & Poliakoff | 1 | 0 | $50M | $50M |
| 41 | Celine and Partners | 1 | 0 | $50M | $50M |
| 42 | Kesse | 1 | 0 | $50M | $50M |
| 43 | Pillsbury Winthrop Shaw Pittman | 1 | 2 | $50M | $50M |
| 44 | Business Legal Advisors | 1 | 0 | — | — |
| 45 | Watson Farley & Williams | 1 | 0 | — | — |
Counsel as named in each final prospectus's Legal Matters section. Cayman Islands, BVI and Bermuda counsel are left out. Based on the 144 deals with counsel on record.
Other tables: US IPO underwriters · US IPO law firms · SPAC IPO underwriters
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