Pepper Hamilton, the corporate law firm, has acquired the investigative group and legal practice run by Louis J. Freeh, former FBI director.
The deal, announced Tuesday, highlights the growing business of investigations into possible wrongdoing at companies and other institutions.
Scandal has been big business for Freeh. Over the past year, he has served as trustee for creditors of MF Global, the failed brokerage firm; conducted the internal inquiry of a sex abuse scandal at Penn State; and examined an SAT cheating scandal.
His investigatory arm, Freeh Group International Solutions, will become a wholly owned subsidiary of Pepper but will retain its name and operate independent of the law firm. The lawyers at his law firm, Freeh Sporkin & Sullivan, will join Pepper’s white-collar criminal defense practice. About 25 professionals will be joining Pepper. Financial terms of the transaction were not disclosed.