Yelena is a corporate finance and securities attorney and, as a member of Woodruff Sawyer’s transactional insurance brokerage team, advises clients on M&A and IPO related insurance solutions. Yelena specializes in SPAC transactions and is a frequent author of articles covering various aspects of corporate transactions and related insurance coverage. She serves as a managing editor of the American Bar Association’s Business Law Today. Prior to joining Woodruff Sawyer, Yelena oversaw the development of Bloomberg Law practical guidance and reference content, covering and analyzing developments in capital markets, M&A, securities, and general corporate law. Prior to Bloomberg Law, Yelena practiced corporate finance law in New York as a senior capital markets associate at Clifford Chance and a corporate associate at LeBoeuf, Lamb, Greene & MacRae (later Dewey & LeBoeuf).
When so much enthusiasm pours into a structure so quickly, some of the support mechanisms, like insurance, are having difficulty catching up. When you have such a large influx of SPACs and a limited insurance market that’s able to cover them, you get into your standard supply-and-demand situation where insurers are dictating terms and hiking up prices.24 March 2021