Bloomberg Law
July 9, 2020, 8:51 AM

PPP Per Partner: What Government Loans Would Have Cost Lawyers

Roy Strom
Roy Strom

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. This week, we look at how much it might have cost Big Law partners to come up with money on their own that they received through a government coronavirus aid program. Sign up to receive this column in your inbox on Thursday mornings.

When the time came in April to apply for loans from the Small Business Administration’s Paycheck Protection Program, managing partners across the country were struggling to respond to an economy already in a pandemic-induced free fall.

Some consultants ...

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