Locke Lord

What Locke Lord does

Troutman Pepper Locke is a national law firm formed from the 2023 merger of Troutman Pepper and Locke Lord (Locke Lord Bissell & Liddell LLP was founded in 2011), operating across 30+ offices in the United States and London with 1,600+ attorneys. The firm delivers full-service legal advisory across corporate/M&A, capital markets, litigation, regulatory, labor and employment, tax, real estate, and industry-specific practices, with sector depth in energy, financial services, healthcare and life sciences, insurance and reinsurance, private equity, and real estate. Differentiated sub-brands include eMerge (eDiscovery and data management combining lawyers and technologists for litigation, investigations, due diligence, and compliance), SEED (a startup and early-stage entrepreneurial development program), Strategies (government affairs and public policy advocacy), Plus (a client experience program), and The Pepper Center (public services).

The firm generates revenue through professional legal services billed primarily on hourly attorney rates, supplemented by transaction-based work on M&A, capital markets, and corporate matters — including disclosed mandates such as $700M notes offerings, a $69M IPO, and a $625M acquisition. Go-to-market operates as enterprise field sales via direct attorney-to-client relationships across the firm's office footprint, with thought-leadership content (webinars, podcasts, blog/insights hub, speaking engagements, pro bono work) supporting top-of-funnel client development. Customer mix is concentrated in middle-market private equity and large enterprises (e.g., Western Midstream Partners, Deluxe, Nautic Partners, Domtar), with segment coverage spanning more than 35 practice areas and 300+ Chambers-ranked practices and attorneys. The firm is private (no public listing) and is led by a CXO team including founder Sean Page and operating officers covering marketing, diversity and inclusion, finance, human resources, and information technology.

Name

Locke Lord

Legal name

Troutman Pepper Locke

Website

https://lockelord.com

Company type

Private

Founded year

1887

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National law firm with 1,600+ attorneys across 30+ U.S. offices and London, serving enterprise and middle-market private equity clients with full-service legal advisory in energy, financial services, healthcare, insurance, private equity, and real estate.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Legal Services (5411), Offices of Real Estate Agents and Brokers (531210)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

akta.pro secondary industries

M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG), Estate Planning & Trust Structuring Advisory (FSAEAKAC), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Legal services
• Corporate law
• Litigation services
• M&A advisory
• Regulatory counsel

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices33 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Legal Services - Professional Fees: The firm generates revenue through professional legal services billed primarily on hourly rates for attorneys. The firm has advised on significant transactions including $700 million notes offerings, $69 million IPOs, and $625 million acquisitions, indicating substantial transaction-based work.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Locke Lord, now operating as Troutman Pepper Locke following the 2023 merger, is a national law firm delivering full-service legal counsel across corporate transactions, M&A, capital markets, litigation, regulatory, tax, real estate, labor and employment, and industry-specific practices. The firm serves middle-market private equity, energy, financial services, healthcare, insurance, and real estate clients through 1,600+ attorneys across 30+ U.S. offices and London. It also operates differentiated programs such as eMerge (eDiscovery), SEED (startup development), Strategies (government affairs), and Plus (client experience).

Product overview

Troutman Pepper Locke is a national law firm that offers a unified platform of legal services across multiple practice areas and industries. The firm's product portfolio centers on core legal service offerings supplemented by differentiated programs: eMerge (eDiscovery and data management), SEED (startup development program), Strategies (government affairs), Plus (client experience), and The Pepper Center (public services). These programs are designed to enhance the core legal practice rather than function as standalone software products.

Differentiator

Problem solved

Functional benefit

Brands

• Strategies: Government affairs and public policy advocacy services helping businesses deal with government at every level
• SEED
• eMerge
• The Pepper Center

Products and services

• Strategies Government affairs and public policy advocacy services helping businesses and individuals navigate complexities of dealing with government at every level, including public policy, advocacy, and government relations strategies.
• SEED Startup and Early-Stage Entrepreneurial Development program providing innovative and affordable legal services to startups and early-stage emerging companies with a solid technology or scientific foundation.
• eMerge Market-leading eDiscovery and data management services where lawyers and technologists work together to deliver strategic end-to-end solutions for litigation, investigations, due diligence, and compliance matters.

Named customers6 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• DLA Piper: One of the largest global law firms with extensive coverage in corporate/M&A, energy, financial services, and technology. Represents a larger-scale incumbent competing for the same middle-market and enterprise mandates.
• Baker McKenzie: One of the largest global law firms with deep corporate/M&A and capital markets capabilities. Represents a much larger global incumbent competing for enterprise and cross-border mandates.

Direct peers

• Eversheds Sutherland: Global law firm formed through a transatlantic merger with comparable sector strength in energy, financial services, and insurance. Similar in scale and merger-driven structure.
• Faegre Drinker: AmLaw firm formed through the 2020 Faegre Baker Daniels-Drinker Biddle & Reath merger, providing a direct comparison for merger-integration dynamics and sector overlap in healthcare, financial services, and corporate transactions.
• Holland & Knight: AmLaw 100 firm with a comparable national footprint and similarly broad industry coverage including healthcare, real estate, and financial services. Comparable in attorney headcount and middle-market client focus.
• Squire Patton Boggs: AmLaw 100 firm with strong sector overlap in energy, financial services, insurance, and public policy advocacy (akin to the Strategies sub-brand). Comparable in mid-tier scale and industry specialization.
• K&L Gates: National and international law firm with comparable practice areas across corporate, energy, financial services, and litigation. Directly comparable in size, sector mix, and cross-border capability.
• Reed Smith: National full-service law firm of comparable mid-tier AmLaw 100 scale with deep energy, insurance, and financial services practices. Directly comparable in size, sector mix, and geographic footprint across the US and London.
• Greenberg Traurig: AmLaw 100 firm of similar scale with comparable practice breadth across real estate, energy, healthcare, and corporate/M&A. Directly comparable in size, sector mix, and middle-market client focus.
• Norton Rose Fulbright: Global law firm with significant US presence formed through its own transatlantic merger, with strong energy, financial services, and insurance practices. Highly comparable in sector mix and merger-driven growth strategy.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LockeLord
• YouTubeyoutube.com/@troutmanpepperlockellp
• LinkedInlinkedin.com/company/locke-lord-llp
• Instagraminstagram.com/troutmanpepperlockellp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Locke Lord