It’s not every day that two Am Law 200 law firms headquartered in the same city acknowledge just hours apart that they are in serious merger talks with large firms based elsewhere.

But on Nov. 13, that’s what happened in Philadelphia. First, Pepper Hamilton confirmed that it’s discussing a tie-up with Atlanta-based Troutman Sanders. And later that evening, Drinker Biddle & Reath confirmed that it’s been talking with Minneapolis-based Faegre Baker Daniels about a combination.