For Troutman Pepper and Ballard Spahr, the Path to Growth Points Outside of Phila.

What You Need to Know

• With the announcement of two mergers over the past week, Troutman Pepper Hamilton & Sanders and Ballard Spahr are growing outside of Philadelphia.
• Data gathered by Compass shows that several other Philadelphia-founded firms aren't growing their presences in the city, with consultants and leaders suggesting that Philadelphia is less friendly to businesses.
• Yet Philadelphia remains an appealing market, given its lower operating and real estate costs.