What is Schmidt & Federico?
Schmidt & Federico was a law practice that served clients for nearly three decades. The firm's operations have now ceased, with its legal professionals transitioning to new entities. The firm's financial activities primarily involved debt financing, indicating a capital structure focused on loans rather than equity investment during its operational period. The nature of this debt financing, particularly in the context of a law practice, suggests specific operational or expansionary capital needs.
How much funding has Schmidt & Federico raised?
Schmidt & Federico has raised a total of $384K across 2 funding rounds:
Debt
$150K
Debt
$234K
Debt (2020): $150K with participation from PPP
Debt (2021): $234K led by PPP
What's next for Schmidt & Federico?
Following the conclusion of its practice, the firm's lawyers, Mary Schmidt and Phyllis Federico, have transitioned to new legal environments. Mary Schmidt has joined Verrill Dana, LLP, and Phyllis Federico is now with Warner Federico & Ryan LLP. This transition ensures continuity of legal services for their former clients, who can now engage with the lawyers through their respective new firms. The firm's legacy continues through the ongoing practices of its former partners.
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