This is an excerpt from the Law Firm Disrupted, a briefing from Law.com reporter Dan Packel that surveys new competitive pressures on law firms and how their managers are coping, plus insights on the tactics and tech employed by would-be disruptors. Have an opinion? Email Dan here. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.

Days before Christmas, L&F Acquisition Corp., the SPAC launched by Jeff Hammes, the former chair of Kirkland & Ellis, and Adam Gerchen, the CEO of Chicago-based plaintiff’s firm Keller Lenkner, announced that it had found an acquisition target.