More than 10,000 New York law firms and attorneys borrowed a combined $1.2 billion to retain more than 62,000 jobs, at an average cost of $16,791 per job, according to a New York Law Journal analysis of new data on the Paycheck Protection Program.
The majority of the funds went to firms with fewer than about 140 employees, although Big Law took a sizable chunk of the money, according to the data released by the Small Business Administration.
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