Biglaw

Biglaw Firms That Used PPP Loans Were Trying Some Pandemic 'Innovation'

It worked for some firms -- for a time.

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Is this a departure? To some degree yes. But, I think every firm now is trying to keep the wings on the plane while they’re flying it. There are a lot of attempts at innovation.

— Heidi Gardner, a lecturer on law at Harvard Law School who advises law firms, commenting on the fact that white-shoe Biglaw firms had used PPP funds to support their operations when the forgiveable loans were meant to support small businesses during the coronavirus crisis.

Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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