Regional law firms Troutman Sanders and Pepper Hamilton are discussing a possible merger, both firms have confirmed.
The firms have entered into discussions about a “possible combination,” according to a tweet from Pepper Hamilton issued 1:28 p.m. Wednesday. “Our first priority is delivering exceptional legal services to our clients, and, as such, we will have no further comments at this time,” the tweet said.
A Troutman spokeswoman confirmed the statement.
A combined firm would employ more than 1,000 attorneys, according to 2019 AmLaw 200 survey figures, and could boast combined gross revenues of $855 million, which would place the firm among the top 50 as gauged by revenues.
A merger could give a combined firm a broader national reach. Troutman, the larger of the two firms, is based in Atlanta, and five of its 12 offices are located in the Southeastern U.S. Pepper began in Philadelphia and half of its 14 offices are located in Pennsylvania and neighboring states, according to its website.
Both Pepper and Troutman have been in merger discussions with other firms over the last few years, according to published reports.
In 2016, Big Law Business reported that Pepper had discussed a possible combination with the larger firm Reed Smith. Last year, Troutman had been involved in talks to expand through a merger with the Dallas-based firm Winstead, according to reports at the time.
Both firms declined to comment further.