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The Secured Lender

SFNet's The 81st Annual Convention Issue

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Top 5 Apps for Organizing
Mar 7, 2019

If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
The Importance of Stretching
Mar 7, 2019

Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019

Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019

The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
It’s a Marathon, Not a Sprint
Aug 22, 2018

I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018

As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
It’s Time To Break Up With Your Phone
Jul 18, 2018

Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
Lien Management – What You Need to Know
Jun 6, 2018

UCC filing is the cornerstone of all loans and every lien portfolio...
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018

By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
How to be a Good Leader
Dec 5, 2017

I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017

The fintech sector has gone through a number of manifestations in the past two decades.
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017

Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017

It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017

As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017

Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
The Lost Art of the Loan Purchase
Mar 2, 2017

Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017

How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
Back Office Support Services: Helping you approve more clients
Feb 7, 2017

How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017

Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017

Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…

April 18, 2024

Source: Reuters

April 18 (Reuters) - U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday they are in talks to merge, in what would be the largest law firm combination to emerge so far this year.

Troutman Pepper and Locke Lord "can confirm they have entered into discussions about a possible combination," spokespeople for the two firms said in identical statements.

The firms said their priority is "delivering exceptional legal services to our clients" and declined further comment.

Troutman Pepper, the larger of the two firms, has more than 1,100 lawyers in 22 U.S. cities, according to its website. The firm was born from a 2020 merger between Atlanta-founded Troutman Sanders and Philadelphia-founded Pepper Hamilton.

Troutman Pepper generated about $1.08 billion in gross revenue in 2023, according to figures published by the American Lawyer.

Locke Lord brought in about $497.6 million in revenue last year, according to the American Lawyer's rankings. The firm has grown through a series of mergers over many years, most recently through a combination between Texas-based Locke Lord and Boston-based Edwards Wildman that was completed in 2015. Its website lists more than 500 lawyers in 20 locations globally.

The number of law firm mergers in the first three months of 2024 was 25 percent higher than in the same time period in 2023, according to legal consultancy Fairfax Associates, which said the stepped-up activity is expected to continue through the year.

There were 20 completed law firm combinations in the first quarter of 2024 compared to 16 in early 2023, according to Fairfax, which tracks mergers by effective date.

UK-founded Allen & Overy and New York-founded Shearman & Sterling are set to merge effective May 1. The deal, announced last year, is poised to create a law firm with more than 3,900 lawyers across 48 offices.