Troutman Sanders

What Troutman Sanders does

Troutman Pepper Locke is a US-headquartered, full-service national law firm operating as a limited liability partnership under Georgia law, with its principal office in Philadelphia and operational headquarters in Atlanta. The firm was formed through the 2020 merger of Troutman Sanders (founded 1917) with Pepper Hamilton, followed by the 2022 merger with Locke Lord, producing a combined platform of 1,600+ attorneys across 30+ offices in major US markets and London. Service delivery spans 35+ practice areas and 20+ industry verticals, with deep sector specialization in Energy (including renewable and offshore wind), Insurance & Reinsurance, Financial Services, Private Equity, Healthcare & Life Sciences, and Real Estate. Revenue is generated through professional services fees billed under engagement-specific arrangements — hourly, fixed fee, contingency, or blended — to enterprise and mid-market corporate clients, with additional growth channels through the SEED startup program, government affairs subsidiary Troutman Strategies, and eMerge (a wholly-owned eDiscovery and data management platform combining lawyers and technologists for litigation, investigations, due diligence, and compliance work). The firm is consistently recognized by Chambers USA, Legal 500 US, BTI Consulting, and the American Bar Association for client service, practice breadth, and pro bono contributions.

Name

Troutman Sanders

Legal name

Troutman Pepper Locke LLP

Website

https://troutman.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Troutman Pepper Locke is a US national law firm with 1,600+ attorneys across 30+ offices, serving enterprise and mid-market clients across Energy, Financial Services, Insurance, Healthcare, Private Equity, and Real Estate through diversified fee arrangements and dedicated eDiscovery, government affairs, and startup service subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices33 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Services Fees: Revenue is generated through legal services fees billed to corporate and individual clients across multiple practice areas and industry sectors. Fee arrangements include hourly billing, fixed fees, contingency arrangements, and hybrid models depending on the nature of the engagement.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Troutman Pepper Locke is a full-service national law firm that provides legal advisory, transactional, regulatory, and litigation services to corporate and institutional clients across 35+ practice areas and 20+ industry verticals. It operates dedicated programs including eMerge (eDiscovery and data management combining lawyers and technologists), SEED (affordable legal services for startups and early-stage companies), and Troutman Strategies (government affairs and public policy advocacy).

Product overview

Troutman Pepper Locke is a national law firm offering comprehensive legal services across multiple practice areas and industry sectors. The firm's main service offerings include eMerge (eDiscovery and data management), SEED (startup and early-stage entrepreneurial development program), Strategies (government affairs and public policy advocacy), and the Plus Client Experience Program. The firm also maintains specialized practice areas in Privacy + Cyber, Technology/Media/Telecommunications, and Artificial Intelligence. This is a services-based firm rather than a software product company, with no unified platform architecture.

Differentiator

Problem solved

Functional benefit

Brands

• Troutman Strategies: Government affairs, public policy advocacy, and government relations practice helping businesses and individuals navigate government interactions nationwide.
• Troutman SEED
• eMerge
• The Pepper Center

Products and services

• eMerge Market-leading eDiscovery and data management services combining lawyers and technologists to deliver strategic end-to-end solutions for litigation, investigations, due diligence, and compliance matters.
• Troutman SEED (Startup and Early-Stage Entrepreneurial Development) Program providing innovative and affordable legal opportunities to startups and early-stage emerging companies with a solid technology or scientific foundation, helping companies with quality management teams that do not have other significant legal representation.
• Troutman Strategies Government affairs, public policy advocacy, and government relations services helping businesses and individuals solve the complexities of dealing with the government at every level, representing clients nationwide.
• Plus Client Experience Program The firm's standard-setting client experience program focused on delivering exceptional client value and experience across engagements.

Quantifiable outcome

• $126B+ in M&A transactions advised in the past five years
• +2 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered minor and core.

• Foundation for Natural Resources and Energy Law (FNREL)minorStrategic or Co-development Partner · 24 July 2026Troutman Pepper Locke's Josh Kaplowitz presents on the permitting panel at FNREL's 72nd Annual Natural Resources and Energy Law Institute in Seattle, examining federal policy shifts in energy infrastructure development.
• Comic-Con InternationalminorStrategic or Co-development Partner · 23 July 2026Troutman Pepper Locke presents a panel on M&A in entertainment, publishing, and gaming at Comic-Con International 2026 at the San Diego Convention Center. CLE credit is offered for attorneys attending the panel.
• Society of Construction Law North AmericaminorStrategic or Co-development Partner · 22 July 2026Troutman Pepper Locke partners Toyja Kelley and Zach Torres-Fowler speak on two panels at the Society of Construction Law North America's 5th Annual Conference in Nashville, addressing energy transition and international construction arbitration.
• Strafford (BARBRI company)minorStrategic or Co-development Partner · 15 July 2026Troutman Pepper Locke Partner Josh Gelfand presents on a Strafford CLE panel on Executive Compensation and Benefits in M&A Transactions, examining deal-related liabilities, target values, and long-term viability considerations.
• American Bankruptcy Institute (ABI)minorStrategic or Co-development Partner · 14 July 2026Troutman Pepper Locke Associate Hanna J. Redd participates on the Business Track: Litigation Practicum panel at the ABI Northeast Bankruptcy Conference and Consumer Forum in Newport, RI, discussing discovery in bankruptcy proceedings.
• BARBRIminorStrategic or Co-development Partner · 24 June 2026Troutman Pepper Locke partners present a CLE program on Human Trafficking in Employment through BARBRI's professional development platform on June 24, 2026. The program is co-presented with Margaret Kelsey from Regent University School of Law and Hollie Nadel from 3Strands Global Foundation.
• CBS NewsminorOthers · 24 June 2026Troutman Pepper Locke partner Stephen Piepgrass was quoted in a CBS News article on prediction markets regulation and state vs. federal jurisdiction, representing the firm's regulatory expertise in press coverage.
• Troutman Pepper Locke (UK) LLPcoreOthersTroutman Pepper Locke LLP and Troutman Pepper Locke (UK) LLP together form the global Troutman Pepper Locke entity. UK LLP is referenced in privacy notices as a joint data controller for certain services and data processing activities.
• SEED Program ParticipantsminorOthersTroutman Pepper Locke's SEED program provides affordable legal services to startups and early-stage emerging companies with technology or scientific foundations. Companies must have a quality management team in place and no significant existing legal representation.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• White & Case: Global law firm with a leading M&A and energy practice and a strong international platform. Comparable on large transactional work and energy sector mandates, with greater cross-border depth.
• Skadden Arps: Elite US law firm with a leading M&A and capital markets practice, frequently cited alongside Troutman for middle-market and large-cap deals. Comparable in deal-flow focus and energy sector involvement.
• Kirkland & Ellis: The leading US law firm for private equity and M&A work, with deep overlap to Troutman's middle-market PE practice. While higher-margin and more elite, it is a direct competitive benchmark for high-end transactional mandates and PE representation.
• Hogan Lovells: Global law firm formed from a transatlantic merger with similar integrated energy, financial services, healthcare, and life sciences verticals. Comparable in scale and sector focus, particularly relevant given its prior merger integration experience.
• DLA Piper: Global full-service law firm of comparable scale with deep sector practices in energy, financial services, and technology. Closely comparable to Troutman Pepper Locke in headcount, multi-office US/global model, and cross-border M&A capability.
• Latham & Watkins: Top US-headquartered global law firm with a comparable M&A, energy, and financial services practice. Sets the pricing benchmark Troutman competes against on premium mandates, particularly in capital markets and energy transactions.
• Baker McKenzie: One of the world's largest law firms by headcount and revenue, with a global footprint across the Americas, EMEA, and APAC. Directly comparable in scale, full-service model, and broad vertical coverage; competes for the same large enterprise and cross-border mandates Troutman targets.
• Norton Rose Fulbright: Global law firm with strong energy, financial services, and insurance practices and a more developed international network than Troutman. Comparable vertical depth and a relevant benchmark for global expansion.

Direct peers

• Greenberg Traurig: Large US-headquartered full-service law firm with comparable real estate, energy, and middle-market M&A practices. Direct competitor for enterprise clients and mid-market deals; similar footprint and sector approach.
• Reed Smith: Full-service US-headquartered law firm of similar size with comparable sector focus on energy, financial services, and insurance. Direct competitor for mid-market enterprise mandates and the most size-and-strategy-aligned peer in the dataset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tpllaw
• YouTubeyoutube.com/@troutmanpepperlockellp
• LinkedInlinkedin.com/company/troutmanpepperlocke
• Instagraminstagram.com/troutmanpepperlockellp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Troutman Sanders