Bloomberg Law
July 6, 2020, 5:38 PMUpdated: July 6, 2020, 10:38 PM

Boies Schiller, Big Law Firms Obtained Millions in PPP Loans (3)

Roy Strom
Roy Strom

Boies Schiller Flexner, the law firm founded by famed trial lawyer David Boies, was among a cadre of high revenue firms that received federal aid aimed at bolstering payrolls through the coronavirus pandemic, according to newly released records.

The firm was approved for a loan in late April and used the proceeds to retain 490 jobs, the records released by the Small Business Administration Monday show. The $669 billion program has so far led to nearly 4.9 million loans, which can turn into grants if borrowers use the money to pay workers.

A number of large law firms received loans ...

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