Firm Earns Strong 2025 and Q4 Private Equity League Table Rankings in First Year as Combined Firm
NEW YORK – In its first year as a combined firm, Troutman Pepper Locke ranked No. 11 in PitchBook’s 2025 Annual Global League Tables of the most active law firms representing U.S. companies in private equity deals, climbing 14 spots year over year. The firm’s Private Equity, Emerging Company and Venture Capital, Corporate, and Mergers and Acquisitions practices secured robust rankings across multiple sectors and regions in the 2025 and Q4 global league tables released by The Deal, PitchBook, and LSEG.
Troutman Pepper Locke also improved its standing in key Q4 2025 league tables, rising to No. 15 from No. 20 in PitchBook’s U.S. Private Equity Deals by Geography rankings and to No. 14 among the most active M&A law firms in the U.S., according to PitchBook’s Q4 rankings.
“Our Q4 and year-end results speak volumes about our first year as a combined firm,” said Paul Mahoney, leader of Troutman Pepper Locke’s Private Equity and Investment Funds Practice. “We’re seeing strong deal activity and significant gains across key sectors. That success is fueled by our integrated platform, sector focus, and collaborative teams. We’re proud of this first-year performance and the trajectory it sets for 2026 and beyond.”
PitchBook | Annual 2025 Global League Tables
Private Equity Deals
Geography
#15 Most Active in U.S.
U.S. Regions
#19 Most Active in the West Coast
#13 Most Active in the Southeast
#11 Most Active in the Mid-Atlantic
#11 Most Active in New England
#7 Most Active in the South
#16 Most Active in Mountain and Midwest
Sector
#14 Most Active in Energy
#14 Most Active in Financial Services
#19 Most Active in Health Care
#23 Most Active in IT
Representing
#11 Most Active in U.S. – Companies
#23 Most Active Globally – Companies
#13 Most Active in U.S. – Investors
Venture Capital
U.S. Regions
#21 Most Active in the Southeast
#18 Most Active in New England
#24 Most Active in Mountain and Midwest
Sector
#16 Most Active in HC Devices & Supplies
M&A
Geography
#15 Most Active in U.S.
Representing
#14 Most Active in U.S. – Companies
#13 Most Active in U.S. – Investors
Pitchbook | Q4 2025 Global League Tables
Private Equity Deals
Geography
#15 Most Active in U.S.
U.S. Regions
#17 Most Active in the West Coast
#16 Most Active in the Southeast
#10 Most Active in the Mid-Atlantic
#8 Most Active in the South
#9 Most Active in Mountain and Midwest
Sector
#16 Most Active in B2C
#19 Most Active in Energy
#16 Most Active in Financial Services
#12 Most Active in IT
Representing
#10 Most Active in U.S. – Companies
#25 Most Active Globally – Investors
#15 Most Active in U.S. – Investors
Venture Capital
#12 Most Active in the Southeast
#16 Most Active in the South
#14 Most Active in New England
Sector
#20 Most Active in Pharma & Biotech
Representing
#21 Most Active in U.S. – Companies
M&A
#14 Most Active in U.S.
Representing
#25 Most Active Globally – Investors
#10 Most Active in U.S. – Investors
The Deal | Q4 2025 Private Equity League Tables
#30 Private Equity Law Firm
LSEG | 2025 Global Private Equity and Venture Capital Review
Advisors to Company: LBO & Related Rounds Based on Round Value
#12 Ranked Firm
Advisors to Company: Americas: All Private Equity Stages Based on Round Value
#17 Ranked Firm
Advisors to Company: All Private Equity Stages Based on Round Value
#17 Ranked Firm
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s Private Equity and Investment Funds Group regularly handles middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
WASHINGTON, D.C. – Troutman Pepper Locke partner Mary Zinsner has been named to Virginia Lawyers Weekly’s Influential Women of Law Class of 2026. The award honors women attorneys and judges for their work on behalf of the justice system and their clients, their commitment to their communities, and their service to the profession.
Based in the firm’s Washington, D.C., office, Zinsner handles high-stakes litigation and arbitration matters for banks in state and federal courts nationwide. She has experience with virtually every type of litigation impacting financial institutions, including lender liability, Uniform Commercial Code, bank operations, consumer finance, fiduciary matters, and state consumer protection statutes. Zinsner’s experience includes representing banks in class actions, data breach multidistrict litigation, and privacy matters. She also has extensive experience as a commercial litigator and serves as an arbitrator on the American Arbitration Association’s roster of neutrals for consumer, commercial, and complex cases.
Zinsner is proud of her ties to Virginia. She clerked for the Honorable Claude M. Hilton, has practiced before the U.S. District Court for the Eastern District of Virginia for more than 30 years, and is a well-known practitioner in the rocket docket. Zinsner has demonstrated a sustained commitment to advancing the rule of law in the Commonwealth through her service on the Board of Directors of the Virginia Law Foundation and on the Board of Governors of the Virginia Bar Association. She is committed to pro bono work as well as bar service and was recently appointed by the DC Bar Association to the Attorney/Client Arbitration Board.
Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke partners Paul Coggins, Allison O’Neil, Charlie Peeler, Stephen Piepgrass, Megan Conway Rahman, Mike Schwartz, Ashley Taylor, and John West have been named among Lawdragon’s 2026 500 Global Leaders in Crisis Management.
According to Lawdragon, the advisors recognized are best-in-class legal emergency responders for when investigators turn their eye to a client, a deal attracts activist activity, or an industry goes under the relentless microscope of a class action.
The list is based on Lawdragon’s journalistic research, nominations, and vetting with peers, clients, and other professionals.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
CHICAGO – Susan Charles, a partner in Troutman Pepper Locke’s Environmental and Natural Resources Practice Group, has been named to the 2026 Notable Women in Law list by Crain’s Chicago Business. The annual recognition honors accomplished women attorneys across the Chicago area for their career achievements, leadership, and impactful work.
In building their list, editors sought nominees who serve in senior leadership roles within law firms working with clients or on pro bono projects that have measurable impact. Honorees have demonstrated leadership in professional organizations and civic or community initiatives and have been role models and mentors to other attorneys, promoting inclusive practices in the workplace.
Charles was previously named a Notable Woman in Law in 2020, and her 2026 recognition builds on a strong track record of accolades, including being named a Woman of Influence by the Chicago Business Journal and recognition in The Best Lawyers in America® for Environmental Law.
At Troutman Pepper Locke, Charles counsels clients on all aspects of environmental law, including regulatory compliance, risk assessment, enforcement defense, and environmental litigation. She routinely advises clients with respect to spill and release reporting, hazardous waste issues, permitting, and state cleanup programs.
In addition to her thriving legal practice, Charles is an active member of her community and serves on the Women’s Board of Chicago’s Lincoln Park Zoo.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
Related Industries + Practices
- Contaminated Sites + Waste Management
- Environmental + Natural Resources
- Environmental Due Diligence
- Environmental Litigation + Enforcement Defense
- Release Reporting
Firm Climbs 38 Spots to No. 9, Underscoring Strong Data-Driven Performance and Sustained Upward Momentum
Troutman Pepper Locke has been recognized as a top-performing law firm in SurePoint’s 2025 Leopard Law Firm Index (LLFI) Top 200, climbing from No. 47 to No. 9 this year among 5,800 firms tracked for overall law firm health. This recognition underscores Troutman Pepper Locke’s unified commitment to client service, culture of excellence, and strong standing in the legal industry.
With a score of 423 in this year’s index, up from 404 last year, Troutman Pepper Locke achieved LLFI’s highest performance tier, “Very Good,” in an index where firms are scored from 0 to 500.
The LLFI, powered by data from SurePoint Legal Insights (formerly Leopard Solutions), evaluates law firms based on key performance indicators such as profitability, viability, growth, and potential opportunity. Unlike other law firm rankings, the LLFI accurately portrays a firm’s stability using “ungameable” data. Updated regularly, the index reflects market shifts, attorney movements, and other scored factors, providing a more comprehensive view than financial data alone.
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke and 12 attorneys have earned 2026 JD Supra Readers’ Choice Awards, which recognize top authors and firms for thought leadership in key topics throughout 2025. Troutman Pepper Locke received the ‘Top Firm Award’ for Class Action, and two of the firm’s articles were among the top read articles last year.
Troutman Pepper Locke Top Authors
Chris Capurso – Transportation
Brooke Conkle – Transportation
David Fournier – Bankruptcy
Ryan Last – International Law
Kenneth Listwak – Bankruptcy
Evelyn Meltzer – Bankruptcy
Ethan Ostroff – Finance and Banking
Richard Reibstein – Class Action
Tori Lynn Remington – Bankruptcy
Barbara Sicalides – Antitrust and Trade Regulation
David Stauss – Artificial Intelligence, Data Privacy
Mary Zinsner – Alternative Dispute Resolution
Troutman Pepper Locke’s Top Read Articles
Energy:
Transportation:
Driven by Data: Auto Finance Trends Uncovered – Moving the Metal: The Auto Finance Podcast
JD Supra’s Readers’ Choice Awards recognize the top authors and firms read by C-suite executives, in-house counsel, media, and other professionals across its platform based on visibility, thought leadership, and engagement.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke’s capital markets attorneys continued to earn top recognition in the global and Canada-focused capital markets league tables published by LSEG and Bloomberg, achieving high rankings across global equity and bond tables as well as several Canadian equity and equity-linked tables.
“We are pleased to see our Canadian capital markets practice once again recognized among the leading firms,” said partner Tom Rose. “These rankings highlight the trust our clients place in us on complex equity and equity-linked transactions and underscore the strength of our cross-border team supporting issuers, managers, and underwriters in Canada and beyond.”
LSEG | Global Capital Markets | 2025
Canada Equity & Equity-Related – Manager Legal Advisor (Number of Deals)
#9 Ranked Firm (Tied) (#2 U.S.-Based Firm (Tied))
Canada Equity & Equity-Related – Issuer Legal Advisor (Number of Deals)
#2 Ranked Firm (Tied) (#1 U.S.-Based Firm)
U.S. Debt, Equity & Equity Related – Issuer Legal Advisor (Number of Deals)
#20 Ranked Firm
Bloomberg | Capital Markets League Tables | 2025
Global Equity, Equity Linked & Rights: Legal Adviser – Issuer Ranked by Deal Count
#16 Ranked Firm
Global Bonds: Legal Adviser – Issuer Ranked by Deal Count
#14 Ranked Firm
Canada Equity Offerings: Legal Adviser – Issuer Ranked by Volume
#11 Ranked Firm (#5 U.S.-Based Firm)
Canada Equity Offerings: Legal Adviser – Issuer Ranked by Deal Count
#3 Ranked Firm (#1 U.S.-Based Firm)
Canada Equity Offerings: Legal Adviser – Manager Ranked by Deal Count
#7 Ranked Firm (#1 U.S.-Based Firm)
Canada Equity IPO: Legal Adviser – Manager Ranked by Volume
#5 Ranked Firm (#2 U.S.-Based Firm)
Canada Equity IPO: Legal Adviser – Manager Ranked by Deal Count
#3 Ranked Firm (#1 U.S.-Based Firm (Tied))
Canada Equity, Equity Linked & Preferred: Legal Adviser – Issuer Ranked by Deal Count
#4 Ranked Firm (#1 U.S.-Based Firm)
Troutman Pepper Locke’s International Practice Group serves clients globally, offering coordinated transactional, regulatory, and litigation counsel to both U.S. and international clients. The team represents a wide array of clients outside the U.S. and U.S.-based multinational clients with global operations. In North America, the firm provides sophisticated cross-border services for Canadian public and private companies, consistently ranking as a top law firm for Canadian deals.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
ATLANTA, CHICAGO, NEW YORK, RICHMOND – Troutman Pepper Locke’s Ravi Patel was selected as a member of the 2026 Fellows Program for LCLD, a nonprofit organization that supports networking, mentorship, and leader development programs for legal professionals. Additionally, Regina Jin, Chelsea MacArthur, Anna Parks Muecke, and Hannah Oswald have been named to LCLD’s Pathfinder Program. Both highly regarded programs recognize attorneys at different stages of their careers who demonstrate strong leadership potential, offering professional development and relationship-building opportunities.
According to the organization, LCLD Fellows have distinguished themselves within their firms by being deeply engaged, indispensable to key clients and teams, invested in attorney mentoring and professional development, and on a trajectory toward leadership positions. As a Fellow, Patel will participate in training sessions and interact with key legal and business leaders of large U.S. corporations and managing partners from the country’s most prestigious law firms.
Patel is a partner in the firm’s Multifamily Housing Finance Practice Group. His practice focuses on counseling mortgage banking clients in the origination, sale, and servicing of loan transactions sold to secondary market investors, as well as other financial institutions and securitization program participants. Patel is a member of a national team of attorneys and dedicated real estate professionals who provide end-to-end guidance and management for thousands of transactions originated by mortgage lending clients every year.
LCLD notes that its Pathfinder Program provides high-potential, early-career attorneys with the opportunity to learn from top leaders in the legal profession while gaining foundational leadership skills and relationship-building resources. Pathfinders receive training in critical career development strategies, including leadership skills and building professional networks.
Jin is an associate in the firm’s Health Care and Life Sciences IP Practice Group. She focuses her practice on patent prosecution and counseling in the areas of chemistry, pharmaceuticals, and biotechnology. Jin assists clients with the preparation and prosecution of U.S. and foreign patent applications, freedom to operate opinions, patentability analysis, design-around strategies, and infringement or validity assessment.
MacArthur is an associate in the firm’s Corporate Practice Group. She focuses her practice on counseling private companies, private equity firms, and portfolio companies on U.S. and cross-border acquisitions, divestitures, mergers, carve-outs, and corporate governance matters.
Muecke is an associate in the firm’s Construction Practice Group. She advises clients in the construction industry, primarily focusing on litigation, dispute resolution, and counseling on contracting issues. Muecke’s transactional work includes drafting, structuring, and reviewing contracts for clients in the construction and energy sectors.
Oswald is an associate in the firm’s Insurance and Reinsurance Litigation Practice Group. She focuses her practice on complex litigation and arbitration, representing clients in matters involving breach of contract, loss-sensitive insurance programs, and reinsurance treaty disputes. Oswald also develops theories and strategies for class actions, private litigation, and enforcement actions by federal and state agencies related to data collection, use, sharing, and protection.
About Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
Firm and Attorneys Ranked in Banking, E-Discovery, Energy, Restructuring, and Privacy Sectors
Troutman Pepper Locke and 19 attorneys were recognized in Chambers Global 2026, a comprehensive guide that ranks the top global lawyers, law firms, and in-house counsel in over 200 jurisdictions across the world. The firm achieved global recognition in seven departments: Banking & Finance: Mainly Regulatory, E-Discovery & Information Governance, Energy: Electricity (Regulatory & Litigation), Energy: Oil & Gas (Regulatory & Litigation), Energy: Oil & Gas (Transactional), Privacy & Data Security: Highly Regarded, and Projects: Renewables & Alternative Energy.
Building on consistent year-over-year rankings, Troutman Pepper Locke earned recognition in multiple categories for the energy sector, underscoring the firm’s commitment to advancing clients’ interests and shaping the future of the industry. According to the 2026 guide, “The firm has one of the largest energy regulatory practices in the country. It is hard to think of a subject area where the firm is not able to bring its expertise to bear.”
Troutman Pepper Locke was also recognized for its privacy and cyber capabilities, with Chambers Global noting that, “The Troutman team is the perfect blend of legal expertise and business acumen, providing concise, practical counsel on how to resolve the most challenging issues in privacy, data, and AI.”
Troutman Pepper Locke attorneys received global rankings in the following categories:
E-Discovery & Information Governance
Energy: Electricity (Finance)
Energy: Electricity (Regulatory & Litigation)
Energy: Oil & Gas (Regulatory & Litigation)
Energy: Oil & Gas (Transactional)
Privacy & Data Security: Cybersecurity
Privacy & Data Security: Privacy
Projects: Renewables & Alternative Energy
Restructuring/Insolvency
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
Arrival Boosts Firm’s West Coast Energy and Infrastructure Capabilities
LOS ANGELES – Allison Perlman has joined Troutman Pepper Locke’s Energy Transactional Practice Group as a partner in the firm’s Los Angeles office. She joins from McDermott Will & Schulte, where she advised investors, lenders, and developers on transactions involving renewable energy and energy transition projects across the globe. Perlman’s practice spans the lifecycle of renewable energy transactions, including project finance, project development, M&A, tax equity and tax credit transfer transactions, equipment supply, and other key commercial arrangements for wind, solar, storage, and emerging renewable technologies. She regularly structures complex capital arrangements and negotiates risk allocation for projects from development through construction and operations.
“Allison’s arrival reinforces the firm’s commitment to serving the West Coast’s dynamic energy landscape,” said Christine Byrnes, leader of Troutman Pepper Locke’s Energy Transactional Practice Group. “Her extensive finance experience with large-scale infrastructure and energy projects further strengthens our support for clients in a rapidly evolving market and complements the recent additions of Thomas Heffernan and Andrés Chaves to the practice group.”
Perlman also has significant experience advising on large-scale infrastructure projects, including transportation, broadband and social infrastructure, and has counseled public authorities, sponsors, contractors, and lenders on domestic and cross-border transactions across North America and overseas. Notably, she represented a developer on a major Midwest solar project, handling multimillion-dollar financing transactions for what would become one of the largest photovoltaic facilities in the U.S. Perlman has also advised clients on the negotiation and documentation of construction loan facilities and letter of credit facilities for wind project developments.
“Allison has a strong and growing reputation in the California market and deep client relationships. Her addition is a significant advantage for the firm and a key step in advancing our strategic priorities in California,” said Tambry Lynette Bradford, Los Angeles office managing partner.
“I am thrilled to join Troutman Pepper Locke’s highly regarded Energy Transactional Practice Group. The firm’s strong platform and deep experience in digital infrastructure and data centers create an ideal environment to help clients navigate complex financings and bring critical wind, solar, and infrastructure projects to market,” said Perlman.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.