Big Law Firms Got Millions of Dollars to Preserve Payroll. Some Made Cuts Anyway

This story has been updated with comments from Smith, Gambrell & Russell

Several of the Am Law 200 firms that received multi-million dollar loans from the Paycheck Protection Program cut salaries or jobs this year anyway.

Featured Firms

Law Offices of Gary Martin Hays & Associates P.C.

75 Ponce De Leon Ave NE Ste 101

Atlanta, GA 30308

(470) 294-1674

www.garymartinhays.com

Law Offices of Mark E. Salomone

2 Oliver St #608

Boston, MA 02109

(857) 444-6468

www.marksalomone.com

Smith & Hassler

1225 N Loop W #525

Houston, TX 77008

(713) 739-1250

www.smithandhassler.com

Presented by BigVoodoo

More From ALM

There is no one-size-fits-all model for legal remote work, but there are some considerations that are important for every firm and legal department to address before choosing whether to adopt or update a remote work framework.

The Ultimate Guide to Remote Legal Work

Brought to you by Filevine
Download Now

Gain a comprehensive understanding of the Corporate Transparency Act (CTA) and its implications for law firms and their clients.

Law Firm Operational Considerations for the Corporate Transparency Act

Brought to you by Wolters Kluwer
Download Now

Discover how a reliable trust accounting process not only enhances client satisfaction and retention but also empowers and adds professional credibility for law firms.

The Power of Trust Accounting for Law Firm Success

Brought to you by Juris Ledger
Download Now

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Team Accounts

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now

From Data to Decisions

Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.

Exclusive Depth and Reach.

Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.

Big Pictures and Fine Details

Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.

General Counsel Conference Southwest 2024

September 18, 2024 - September 19, 2024
Dallas, TX

Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies

Learn More

General Counsel Conference East 2024

October 22, 2024 - October 23, 2024
New York, NY

Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies

Learn More

The American Lawyer Industry Awards 2024

November 13, 2024
New York, NY

Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments.

Learn More

Legal Writing & Research Professional

Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...

Apply Now ›

Premises Liability Litigation Attorney Needed (3-6 yr.)

Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...

Apply Now ›

Deputy District Attorney III

Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...

Apply Now ›

MELICK & PORTER, LLP

04/15/2024
Connecticut Law Tribune

MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS

View Announcement ›

Apruzzese, McDermott, Mastro & Murphy, P.C.

04/11/2024
New Jersey Law Journal

Professional Announcement

View Announcement ›

Robbins Alloy Belinfante Littlefield

04/08/2024
Daily Report

Daily Report 1/2 Page Professional Announcement 60 Days

View Announcement ›

Big Law Firms Got Millions of Dollars to Preserve Payroll. Some Made Cuts Anyway

Dylan Jackson

Thank you for sharing!

You Might Like

Big Law's Big Realization?

Am Law 100 Law Firm Sued Over China-Based Partner’s Alleged Due Diligence Failure

Goodwin Continues Recruiting From Cooley, Adding Longtime Tech Industry Litigator

New York Community Bancorp Taps Skadden Partner as GC Amid Financial Turmoil

Law Firms Mentioned

Featured Firms

More From ALM

News

Surveys & Rankings

Special Packages

American Lawyer

Big Law Firms Got Millions of Dollars to Preserve Payroll. Some Made Cuts Anyway

Dylan Jackson

Share with Email

Thank you for sharing!

You Might Like

Big Law's Big Realization?

Am Law 100 Law Firm Sued Over China-Based Partner’s Alleged Due Diligence Failure

Goodwin Continues Recruiting From Cooley, Adding Longtime Tech Industry Litigator

New York Community Bancorp Taps Skadden Partner as GC Amid Financial Turmoil

Law Firms Mentioned

Trending Stories

Featured Firms

More From ALM

Subscribe to The American Lawyer

News

Surveys & Rankings

Special Packages

American Lawyer