Merger Boost: Troutman Pepper and Locke Lord Achieve Double-Digit PEP Growth

In a year marked by considerable change and strategic decision-making, both Troutman Pepper and Locke Lord have successfully increased their profits per equity partner (PEP) by double digits. This achievement comes amidst the complex process of merging the two firms into a singular, more robust entity. Tom Cole, who previously chaired Troutman Pepper and now holds the same position in the newly combined firm, highlighted the significance of the merger. He described the past year as atypical, noting the dual focus on regular firm activities and the intricacies of orchestrating a significant merger. More insights on this development can be found in The American Lawyer.