2 BigLaw firms agree to merge this spring, making it ‘ideal for our clients’
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Troutman Sanders and Pepper Hamilton have agreed to a merger that will take place April 1.
The firm will have $900 million in estimated revenue, putting it 47th in American Lawyer’s rankings, according to the fact sheet. Its offices will be located in a dozen states and Washington, D.C.
The law firms had confirmed merger talks in November.
Steve Lewis, Troutman Sanders managing partner, will be chairman and CEO of Troutman Pepper. The chair of Pepper Hamilton’s executive committee, Tom Gallagher, will be vice chair of the new firm.
Lewis told Law.com that leaders of both firms went into merger talks expecting it wouldn’t work out. “But at every meeting, we got the exact opposite feel,” he said.
In the press release, Lewis said the two firms have complementary practice strengths and a “hallmark focus on client care,” making the merger “ideal for our clients.”
Gallagher said the two firms are also aligned on values.
“We both are considered innovators, having invested early in new tools and technologies, and we are both well-known for delivering exceptional value to our clients,” Gallagher said in the press release.