Bloomberg Tax
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
Reporter

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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