{"id":2075,"date":"2020-03-02T04:51:56","date_gmt":"2020-03-02T12:51:56","guid":{"rendered":"https:\/\/unicourt.com\/blog\/?p=2075"},"modified":"2021-03-15T23:35:44","modified_gmt":"2021-03-16T07:35:44","slug":"troutman-sanders-and-pepper-hamilton-merger","status":"publish","type":"post","link":"https:\/\/unicourt.com\/blog\/troutman-sanders-and-pepper-hamilton-merger\/","title":{"rendered":"Merger Insights from Court Data &#8211; Troutman Sanders and Pepper Hamilton to Combine as \u201cTroutman Pepper\u201d"},"content":{"rendered":"\n<p>Effective April 1, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"http:\/\/www.abajournal.com\/news\/article\/these-two-biglaw-firms-agree-to-merge\">two of the nation\u2019s largest firms are joining forces<\/a> to become a global leader in litigation, health sciences, real estate, energy, insurance, private equity, technology, and a plethora of other industries.&nbsp;<\/p>\n\n\n\n<p>Formerly Troutman Sanders and Pepper Hamilton, the new \u201cTroutman Pepper\u201d will place 1,100 attorneys throughout 23 offices in a dozen states and Washington, DC. Projected to bring in and estimated $900 million in revenue this year, the new firm would rank 47th in the AmLaw\u2019s rankings.<\/p>\n\n\n\n<p>Steve Lewis, Troutman Sanders\u2019 Managing Partner and soon to be CEO of the new firm, says that the firms\u2019 complementary practice areas make the merger beneficial to clients: \u201cTroutman Pepper will offer&#8230; increased resources and an expanded geographic footprint,\u201d he says. \u201cWith these factors, we see a tremendous upside for both our clients and potential new growth.\u201d&nbsp;<\/p>\n\n\n\n<p>Similarly, Tim Gallagher, Pepper Hamilton\u2019s Executive Committee Chair and the upcoming Vice Chair of the new firm, says that the executives\u2019 reasoning for the merger extends beyond the interweaving of their complementary practice groups: \u201cFrom a cultural standpoint, we are significantly aligned on values,\u201d he says. \u201cWe 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.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Deeper Dive: What the Data Says<\/h2>\n\n\n\n<p>What makes this merger so significant is its substantial market share: Our team at UniCourt ran reports for the two firms to identify their case volumes for 2018 and 2019 across all U.S. District Courts.<\/p>\n\n\n\n<p><em>Here is what we learned:<\/em><\/p>\n\n\n\n<ul><li>Troutman Sanders has appeared as counsel of record in roughly 3.5 times more cases than Pepper Hamilton.<\/li><li>Both firms primarily represent defendants with Troutman Sanders representing 84% defendants and Pepper Hamilton representing 79% defendants.<\/li><li>Troutman Sanders\u2019 top three practice areas are (1) Finance, (2) Contract, and (3) Personal Injury.&nbsp;<\/li><li>Pepper Hamilton\u2019s top three practice areas are (1) Labor, (2) Contract, and (3) Intellectual Property.<\/li><li>Troutman Sanders\u2019 top five jurisdictions are (1) Eastern District of Virginia, (2) Northern District of Georgia, (3) Central District of California, (4) Northern District of California, and (5) District of New Jersey.<\/li><li>Pepper Hamilton\u2019s top five jurisdictions are (1) Eastern District of Pennsylvania, (2) District of New Jersey, (3) Eastern District of Michigan, (4) Eastern District of New York, and (5) Southern District of New York.<\/li><\/ul>\n\n\n\n<p>What makes our platform &#8211; and the data we\u2019ve uncovered &#8211; so significant is that it goes beyond just the numbers of top practice areas, jurisdictions, and party type: It shows the two firms\u2019 actual clients. This type of granular, highly-specific data presents an opportunity for the firms to combine forces and take over certain industries. In other words, firms can see who their competitors are representing, which companies they would benefit from targeting, and how they can complement one another\u2019s practice areas and industries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Top Parties Represented by Troutman Sanders<\/h2>\n\n\n\n<ol><li>Portfolio Recovery Associates, LLC<\/li><li>Ocwen Loan Servicing, LLC<\/li><li>Ally Financial, Inc.<\/li><li>Johnson &amp; Johnson<\/li><li>Experian Information Solutions, Inc.<\/li><li>Ethicon, Inc.<\/li><li>Wells Fargo Bank, N.A.<\/li><li>Capital One Bank<\/li><li>Nationstar Mortgage LLC<\/li><li>Consolidated Edison, Inc.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Top Parties Represented by Pepper Hamilton<\/h2>\n\n\n\n<ol><li>Aetna Life Insurance Company<\/li><li>Hartford Life and Accident Insurance Company<\/li><li>Plycem USA LLC<\/li><li>Elementia USA Inc<\/li><li>Eli Lilly &amp; Co<\/li><li>The Hartford<\/li><li>Tela Innovations, Inc.<\/li><li>Allura USA LLC<\/li><li>Allstate Insurance Company<\/li><li>West-Ward Pharmaceuticals Corp.<\/li><\/ol>\n\n\n\n<p>Viewed through this lens, the data shows that the firms appear to be merging with an eye toward growth, competition, and increased participation in the global market. In short, it marks a trend in BigLaw into increasingly collaborative, interdisciplinary terrain.&nbsp;<\/p>\n\n\n\n<p>The firms note that they will now look to dominate the market for health sciences, real estate, energy, insurance, finance, private equity, construction, and technology, further consolidating shared strengths with an aim toward stimulating growth, gaining competitive advantage, and increasing market share.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Leveraging Legal Data as a Service<\/h2>\n\n\n\n<p>Firms seeking mergers to grow their market share can access normalized court data to conduct enhanced due diligence on potential merger targets. Specifically, they can do this by leveraging UniCourt\u2019s Legal Data as a Service (LDaaS) offerings to get insights into their competitors\u2019 clients so that they can determine who may be a valuable merger target before signing a formal agreement.<\/p>\n\n\n\n<p>UniCourt provides LDaaS via our APIs to AmLaw 50 firms and Fortune 500 businesses for accessing normalized court data for business development and intelligence, analytics, process automation, risk management, and developing machine learning models.<\/p>\n\n\n\n<p>If you are interested in accessing normalized court data for vetting merger opportunities or for other innovative uses, <a target=\"_blank\" href=\"https:\/\/unicourt.com\/contact-us\" rel=\"noopener noreferrer\">contact us and we\u2019ll be in touch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn how law firms and businesses can leverage Legal Data as a Service (LDaaS) to gather business intelligence and conduct due diligence on potential merger targets. <\/p>\n","protected":false},"author":4,"featured_media":2078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,57,49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Merger Insights from Court Data - Troutman Sanders and Pepper Hamilton to Combine as \u201cTroutman Pepper\u201d &#8211; UniCourt Blog<\/title>\n<meta name=\"description\" content=\"Learn how law firms and businesses can leverage Legal Data as a Service (LDaaS) to gather business intelligence and conduct due diligence on potential merger targets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unicourt.com\/blog\/troutman-sanders-and-pepper-hamilton-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merger Insights from Court Data - Troutman Sanders and Pepper Hamilton to Combine as \u201cTroutman Pepper\u201d &#8211; UniCourt Blog\" \/>\n<meta property=\"og:description\" content=\"Learn how law firms and businesses can leverage Legal Data as a Service (LDaaS) to gather business intelligence and conduct due diligence on potential merger targets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/unicourt.com\/blog\/troutman-sanders-and-pepper-hamilton-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"UniCourt Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-02T12:51:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-16T07:35:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.unicourt.com\/blog_resources\/uploadsproduction\/blog_resources\/wp-content\/uploads\/2020\/02\/28024801\/Merger-Insights-from-Court-Data.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1026\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Josh Blandi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Josh Blandi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merger Insights from Court Data - Troutman Sanders and Pepper Hamilton to Combine as \u201cTroutman Pepper\u201d &#8211; 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