A combination of high-value transactional work and post-merger synergies drove Troutman Pepper Hamilton Sanders to surpass $1 billion in gross revenue in 2021.

Firm leaders said they had hoped to reach $1 billion in gross revenue last year, though they budgeted for more meager gains, not knowing what the continued COVID-19 pandemic would mean for the legal services industry. Firm leaders said the firm’s financial success indicates windfall fortunes ahead, since legacy firms Troutman Sanders and Pepper Hamilton carried out a mega-merger in mid-2020.