Troutman Sanders, Pepper Hamilton cooking up merger

Combined firm would have more than 1,000 lawyers and about US$850m in annual revenues

Troutman Sanders, Pepper Hamilton cooking up merger

Two major firms in the US have confirmed that they are in advanced talks about a combination.

“Troutman Sanders and Pepper Hamilton can confirm they have entered into discussions about a possible combination. Our first priority is delivering exceptional legal services to our clients and as such, we will have no further comments at this time,” the firms said in a statement Wednesday.

The combined firm would have more than 1,000 lawyers and about US$850m in annual revenues, although the deal is not yet cut and dried.

Atlanta-headquartered Troutman is the 68th largest law firm in the Am Law 100 ranking by The American Lawyer. The firm of about 650 lawyers had a turnover of $521.5m in 2018. Profit per equity partner (PEP) at the firm, which has 12 offices, was reported to be US$1.07m, while revenue per lawyer (RPL) was US$809,000.

Pepper, which is based in Philadelphia, is the 105th law firm in the Am Law 200 ranking. It has 14 offices, revenues of US$334.36m last year, a PEP of US$830,000, and an RPL of US$789,000.

In 2016, Pepper was approached by Reed Smith for a possible merger, but the deal fell through.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

HSF managing partner embraces innovation and technology in a COVID-19 world

Carter Newell strengthens insurance team with new special counsel

US BigLaw firm cuts associates despite government loan

Deadline closing in for In-House Leaders 2020

Women dominate 2020 promotions at Cooper Grace Ward

HFW and KPMG ally to offer legal assistance to COVID-19-hit businesses

Most Read Articles

Service to others is ‘a way of life’ for Maurice Blackburn principal

New managing partner celebrates first day on the job at Carroll & O'Dea Lawyers

Clayton Utz rings in new financial year with new deputy chief executive partners

$65m equity raising for ASX-listed tech company sees completion with K&L Gates’s help