In The American Lawyer, Paul Tropp Examines How Law Firms Are Adjusting to SPAC Boom
An article in The American Lawyer analyzes how law firms are responding to the boom in special purpose acquisition companies.
Capital markets partner and co-chair Paul Tropp (New York) notes that Ropes & Gray is focused on training lawyers to handle both SPAC initial public offerings and business combinations. He explains that in a legal profession trending toward specialization, this area favors legal generalists familiar with the needs of a business throughout its lifecycle.