Dechert LLP vs. Reed Smith LLP vs. Troutman Pepper Locke LLP
Category by category. Sources: Vault 2027, Am Law 200 FY2025, and reported Chambers records from the years shown.
- Dechert LLP
Est. 1875 · Philadelphia
- Reed Smith LLP
Est. 1877
- Troutman Pepper Locke LLP
Est. 2025 · Merger
Est. 1875 · Philadelphia
Dechert LLP is a 1,000-plus-attorney firm, Am Law #39, founded in Philadelphia, PA. Jurisdiction-specific Chambers rankings include Band 1 in Accountant and Auditor Liability, Antitrust, and Capital Markets: Securitization: CLOs. Operates from 19 offices worldwide.
Est. 1877
Reed Smith LLP is a 1,000-plus-attorney firm, Am Law #40. Jurisdiction-specific Chambers rankings include Band 1 in Banking & Finance, Bankruptcy/Restructuring, and Energy & Natural Resources. Operates from 22 offices worldwide.
Est. 2025 · Merger
Troutman Pepper Locke LLP is a 1,000-plus-attorney firm, Am Law #33. Jurisdiction-specific Chambers rankings include Band 1 in Construction, Corporate/Commercial, and Corporate/M&A. Operates from 31 offices worldwide.
- Dechert LLP#51
- Reed Smith LLP#59
- Troutman Pepper Locke LLP#72
- Dechert LLP#39
- Reed Smith LLP#40
- Troutman Pepper Locke LLP#33
- Dechert LLP14 records
- Reed Smith LLP14 records
- Troutman Pepper Locke LLP23 records
- #51
- #39
- 14 records
- Vault rank
- #59
- Am Law rank
- #40
- Reported Chambers Band 1 records
- 14 records
- Vault rank
- #72
- Am Law rank
- #33
- Reported Chambers Band 1 records
- 23 records
- Dechert LLP$225,000
- Reed Smith LLP$225,000
- Troutman Pepper Locke LLP$235,000+
- Dechert LLP$6.20M
- Reed Smith LLP$2.02M
- Troutman Pepper Locke LLP$1.85M
- Dechert LLP$1.61B
- Reed Smith LLP$1.59B
- Troutman Pepper Locke LLP$1.85B
Revenue per lawyer
- Dechert LLP$1.94M
- Reed Smith LLP$1.11M
- Troutman Pepper Locke LLP$1.16M
- $225,000
- $6.20M
- $1.61B
- Revenue per lawyer
- $1.94M
- First-Year Comp
- $225,000
- Profits Per Partner
- $2.02M
- Firm revenue
- $1.59B
- Revenue per lawyer
- $1.11M
- First-Year Comp
- $235,000+
- Profits Per Partner
- $1.85M
- Firm revenue
- $1.85B
- Revenue per lawyer
- $1.16M
- Dechert LLP1,950
- Reed Smith LLP2,000
- Troutman Pepper Locke LLPNot Reported
- Dechert LLPNot Reported
- Reed Smith LLPNot Reported
- Troutman Pepper Locke LLPNot Reported
- Dechert LLPNot Reported
- Reed Smith LLP1:1
- Troutman Pepper Locke LLPNot Reported
- Dechert LLP~1,000
- Reed Smith LLP~1,600
- Troutman Pepper Locke LLP~1,600
Offices
- Dechert LLP19
- Reed Smith LLP22
- Troutman Pepper Locke LLP31
- 1,950
- Not Reported
- Not Reported
- ~1,000
- Offices
- 19
- Billable target
- 2,000
- Partnership track
- Not Reported
- US associates per partner
- 1:1
- Firm size (rounded to 50)
- ~1,600
- Offices
- 22
- Billable target
- Not Reported
- Partnership track
- Not Reported
- US associates per partner
- Not Reported
- Firm size (rounded to 50)
- ~1,600
- Offices
- 31
- Dechert LLPNot Reported
- Reed Smith LLP95.3%
- Troutman Pepper Locke LLP94.6%
Class size
- Dechert LLPNot Reported
- Reed Smith LLP41 (year not confirmed)
- Troutman Pepper Locke LLP104 (2026)
- Dechert LLPNot Reported
- Reed Smith LLPNot Reported
- Troutman Pepper Locke LLPNot Reported
- Dechert LLPNo
- Reed Smith LLPNo
- Troutman Pepper Locke LLPCase by Case
- Not Reported
- Class size
- Not Reported
- Not Reported
- No
- Offer rate
- 95.3%
- Class size
- 41 (year not confirmed)
- How associates get work
- Not Reported
- Specific practice area
- No
- Offer rate
- 94.6%
- Class size
- 104 (2026)
- How associates get work
- Not Reported
- Specific practice area
- Case by Case
Green marks the stronger for the same practice, market and year. Shared results are listed once. split some top tables.
Shared rankings
Rank differences
- Dechert LLPBand 1
- Reed Smith LLPBand 2
- Troutman Pepper Locke LLPBand 2
- Dechert LLPBand 2
- Reed Smith LLPBand 2
- Troutman Pepper Locke LLPBand 1
- Dechert LLPBand 1
- Reed Smith LLPBand 3
- Troutman Pepper Locke LLPBand 2
- Dechert LLPBand 2 · Elite
- Reed Smith LLPBand 3 · Elite
- Troutman Pepper Locke LLPBand 3 · Elite
- Dechert LLPBand 4 · Elite
- Reed Smith LLPBand 3 · Highly Regarded
- Troutman Pepper Locke LLPBand 3 · Highly Regarded
- Dechert LLPBand 1 · Highly Regarded
- Reed Smith LLPBand 2 · Highly Regarded
- Troutman Pepper Locke LLPBand 5 · Elite
Firm-only and additional rankings remain available on each firm profile so missing coverage is not mistaken for a head-to-head loss.
See which of these firms are open on the Job Board
Data sources: Vault 2027, Am Law 200 FY2025, and reported Chambers records from the years shown. Chambers record counts can span years and reporting coverage varies; missing years or markets are not compared. Current Chambers bands were checked against each firm’s Chambers profile on Sep 26, 2026; where Chambers splits a table, every Elite firm ranks above every Highly Regarded firm. Missing values read “Not Reported”.