Big Law made untold millions advising on corporate mergers via special purpose acquisition companies last year, generating six- and seven-figure fees in the deals. Market leaders such as Ellenoff Grossman & Schole and Kirkland & Ellis handled more than 100 deals each for roughly $33 billion in respective deal value, according to SPAC Research.

But no lawyer went bigger on SPAC fever than Miami personal injury lawyer John Ruiz, who valued his Medicare secondary payer recovery company at $32.6 billion when it was identified as the merger target of Lionheart Acquisition Corp. II last July. With more than 2 billion of 3.2 billion total shares, Ruiz saw his net worth surpass $20 billion, on paper at least.

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