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PPP Offers Welcome Relief for Eligible Law Firms

In a time of economic downturn, attorneys in private practice may experience a decrease in client fee income and struggle to cover payroll and overhead. Law firms who meet the Small Business Administration (SBA) size standard (generally less than 500 employees) and solo practitioners can qualify for Paycheck Protection Program (PPP) loans.  PPP loans have very favorable terms and the majority of the principal is forgivable.

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Why Diploma Privilege for Law School Graduates is a Bad Idea: A Regulator’s Perspective

Faced with the national crisis presented by the coronavirus, courts and bar admissions officials are debating how to protect the public through lawyer licensing, while balancing the critical need for access to justice and the concerns of law graduates waiting to take a bar exam that may be delayed due to public health issues.  Some commentators have argued for diploma privilege, under which new graduates would become lawyers without ever taking a bar exam at all.

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