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NEWS DECEMBER 7, 2020 ¦ 5

Day Pitney Among 7 Firms
To Receive $10M PPP Max

By Patrick Smith

The names of the businesses that
received Paycheck Protection Pro-
gram loans over the summer, and
the amounts they received, were mandat-
ed for release on Dec. 1 by a Washington,
D.C., court order following months of
partial disclosures and calls for trans-
parency on taxpayer-funded relief, and
there are several Am Law 200 firms that
maxed out the $10 million loan amount.
The largest of those firms was Boies
Schiller Flexner, the embattled litigation
shop founded by David Boies. Ranked
No. 93 in the Am Law 100, Boies was by Boies Schiller Flexner offices in Washington, D.C.
far the highest-ranking firm to receive Photo by Diego Radzinschi/ALM

the max loan amount, but it certainly wasn’t the of the loan amounts to those that took less than
only one. $150,000 and would provide only ranges for
In addition to Boies, Thompson Knight (No. 141); those that took more, as opposed to the specific
Kasowitz Benson Torres (No. 143); Robins Kaplan amounts.
(No. 152); Cole Scott & Kissane But that changed on Nov. 5,
(No. 163); Day Pitney (No. 164) when U.S. District Judge James
and GrayRobinson (No. 169) were Boasberg said the administration’s
the Am Law 200 firms that re- reasoning for keeping the identi-
ceived the max amount. A federal disclosure ties secret didn’t hold water, and
deadline for Dec. 1 on Nov. 24 set a deadline for re-
Maynard Cooper & Gale and revealed the amounts that leasing the records on Dec. 1. The
Von Briesen & Roper, both outside businesses took in PPP Small Business Administration
the Am Law 200, also received the
$10 million amount. There were loans, and several large and the Treasury Department did

dozens of others that received law firms went after the not appeal the ruling and released
lesser amounts. the data late Tuesday.
According to the disclosures, $10 million max. It still remains unclear whether

those were the only major law those firms were granted forgive-
firms receiving the max, although ness of the loans.
many other firms, such as Porter ¦

Wright Morris & Arthur ($7,974,783 in PPP loans), Patrick Smith, based in New York, covers the busi-
which has done a great deal of work for the Trump ness of law, including the ways law firms compete
administration, received millions of dollars as well. for clients and talent, cannabis law and marketing
The outgoing Trump administration had for innovation. Reach him at [email protected] or on
months been attempting to block full disclosure Twitter at @nycpatrickd

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