One-hundred and twelve SPACs, aka "blank-check firms," have raised more than $40 billion so far this year.
Business Insider spoke with industry insiders to come up with a list of the current market's most influential legal advisers. One of Wall Street's most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such a torrid pace that they're on track to raise more than triple last year's totals.
The development of the SPAC market over the past few years is often credited to the sponsors of the vehicles, the people who launch them in return for a stake in the merged company once the SPAC has found a willing seller. As the market has gained more respectability, the names of the players driving its growth have changed. Business Insider spoke with industry insiders to come up with a list of the current market's most influential legal advisers.
The firm's practice is led by Derek Dostal. A banker who's worked with Dostal said he's likely the "most thoughtful" lawyer out there because "he thinks about the product."
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