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WHAT WE’RE WATCHING

SQUARE PEG – As midsize and small law firms rush to claim a share of $350 billion in government-backed loans to keep payroll flowing, some are finding their business models present special hurdles. David Thomas reports that one obstacle is whether equity partners count toward the program’s employee head count limit—fewer than 500. And it may make a difference whether a firm is organized as a professional corporation or an LLP. 

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