Mark Sloan Thompson & Knight Due to Energy Slowdown, Thompson & Knight Revenue Down 10%, Profits Down 16%
A $10 million Paycheck Protection Program loan allowed the Texas-based firm to avoid lawyer layoffs in 2020, but the economic downturn affected the energy industry, a key industry sector for Thompson & Knight.
March 25, 2021 at 04:15 PM
7 minute read
Hammered by troubles in the energy industry, Thompson & Knight saw key financial metrics decline in 2020, with revenue down by 10.5% and profits by 16.1%, as the firm also slimmed its lawyer ranks by 9.2%.
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