PPP Loans Forgiven in Most Major South Florida Law Firms

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According to reports from the Small Business Administration, the 2020 payroll protection loans taken by most NLJ 500 law firms in Florida are largely forgiven. The administration pardoned at least 15 of the 18 firms that took out the loans, eventually investing $ 84,869,000 of federal funds in Florida’s legal industry.

The money was used in part to protect 4,298 jobs – $ 19,746 per job – according to SBA reports that do not disclose the status of the $ 10 million Gray Robinson loan, the $ 5.2 million loan to Morgan & Morgan, or the Conroy Simberg loan to the amount of $ 6.2 million.

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