Since its founding in 1919, Ballard Spahr has grown to 15 offices nationwide. The firm launched in Philadelphia and this remains its largest office, closely followed in scale by Baltimore and Washington DC.  In capital markets, the firm represents issuers in bond offerings, share offerings and IPOs. The banking team represents borrowers in credit facilities, loan agreements, project financing and acquisition financing. The project development team represents developers in in the transportation, infrastructure, energy and oil and gas industries.