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Regulation Companies
2 BigLaw corporations in merger talks that would produce 1,600-lawyer agency with prime 50 income
Troutman Pepper Hamilton Sanders and Locke Lord are in merger talks to create a legislation agency that would take a spot within the Am Regulation 50. (Picture from Shutterstock)
Troutman Pepper Hamilton Sanders and Locke Lord are in merger talks to create a legislation agency that would take a spot within the Am Regulation 50.
The mixed agency can be ranked at about No. 28, based mostly on their mixed gross income in 2023, Law.com reports. It could have greater than 1,600 legal professionals.
The corporations confirmed the talks in a press release to Regulation.com and Reuters.
“Troutman Pepper and Locke Lord can verify they’ve entered into discussions a few attainable mixture. Our first precedence is delivering distinctive authorized companies to our shoppers, and as such, we may have no additional feedback at the moment,” the assertion mentioned.
No merger vote of the partnerships has been scheduled but.
Kent Zimmermann, a marketing consultant with the Zeughauser Group, advised Regulation.com {that a} merger would give the mixed agency a extra dominant place in a number of trade sectors, together with power, insurance coverage, well being care, personal fairness, monetary companies and actual property.
“It’s a part of why they began speaking,” Zimmermann mentioned.
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