Biglaw Firms Received $ 210 Million PPP Loans Forgiven

0
31

[ad_1]

(Image credit: Getty)

I think the program served its purpose, which was to allow companies to keep people on wages that they would otherwise have fired. Now that we are here in the booming stock market, people usually have short memories of what the world was like then.

– Ronald Schutz, Chairman Robins Kaplan, commenting on lifeboat, payroll protection loans offered to law firms in the midst of a pandemic. Am Law 200 firms received approximately $ 330 million in PPP loans, and 27 of them received their loans in whole or in part. Loans totaling approximately $ 210 million have been written off to the following firms: Thompson & Knight; Armstrong Tisdale; Robins Kaplan; Bond, Schoenek and King; Hodgson Russ; Lewis Roca Rothgerber Christie; Allen Matkins, Lek Gamble, Mallory and Nutsis; Day Pitney; Robinson and Cole; Morris, Manning and Martin; Phelps Dunbar; Miles and Stockbridge; Miller, Canfield, Paddock and Stone; McElroy Deutsch Mulvaney and Carpenter; Shoemaker, Loop and Kendrick; Schiff Hardin; Cole, Scott and Kissain; Ice Miller; Rutan and Tucker; Smith, Gumbrell and Russell; Beneš, Friedlander, Coplan and Aronoff; Accountant; Hinckley, Allen and Snyder; Curtis, Mallet-Prevost, Colt & Mosle; Arnall Golden Gregory; Williams Mullen; and Shutts & Bowen. Fifteen other firms have yet to disclose whether their loans totaling $ 125 million have been forgiven.


Stacy ZaretskyStacy Zaretsky She is a Senior Editor at Above the Law, where she has been working since 2011. She would like to hear your opinion, so please email with any advice, questions, comments or criticisms. You can follow her Twitter or contact her at LinkedIn



[ad_2]

Source link