Law Firms — Transatlantic Biglaw Merger Creates New Top-20 Firm in $2.8B Deal; Troutman Pepper Settles $35M Discrimination Suit; AI Tools Push Deeper Into Firm Operations

Law Firms · 2026-04-15

TODAY'S SIGNAL — A $2.8 billion transatlantic merger is reshaping the top of the Am Law rankings, signaling that global scale remains the dominant competitive strategy for elite firms even as the industry simultaneously grapples with significant internal risk. Troutman Pepper's decision to settle a $35 million racial discrimination lawsuit — rather than test the "equal-opportunity" defense before…