Newly released records show Big Law was happy to participate in the federal relief package, and the larger the firm, the more money they asked for.
December 02, 2020 at 04:21 PM
1 minute read
Am Law 200 firms who applied for Paycheck Protection Program loans in the spring received a combined $370 million in April, according to newly released data by the Small Business Administration.
Proportionally, the loan total accounts for 4.8% of the combined gross revenues among the 47 Am Law 200 firms who received PPP money. The median loan amount was $8.2 million.
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U.S. Small Business Administration building in Washington, D.C. Credit: Jer123/Shutterstock.com
