Posts Tagged ‘top lobbying firms’

“Top Lobbyists” of 2012 Reveal Changes on K St.

Friday, November 2nd, 2012 by Geoffrey Lyons

THE HILL RECENTLY released its annual list of top lobbyists, which comes at an interesting time considering a pre-election want of congressional activity.  (The Senate is holding daily pro forma sessions; the House doesn’t reconvene until the 12th).  I spoke briefly with the list’s compiler-in-chief, Business and Lobbying Editor Dustin Weaver, to review his findings.

“It’s more of an art than a craft,” said Weaver, describing the criteria used to select the lobbyists. “As an editorial team, we’re simply looking for people who shape the debate – people at the forefront.”

People at the forefront indeed.  The “Hired Guns” section not only contains K St. all-stars – Tony Podesta, for instance, founder and chairman of the prominent Podesta Group – but it also includes household names: Chris Dodd, Trent Lott, Haley Barbour, among others.  “Barbour’s new to the list,” said Weaver, “but that’s only because he just returned to lobbying – otherwise he’s a no-brainer.”

But not everyone who was selected is an established veteran.  Colin Crowell, new to the list this year, is Weaver. “Tech is the fastest growing industry in America, and it’s definitely rubbing off on K St.”

But besides attracting more techies, how else is K St. changing?  Weaver indicated two trends:

For the short term, it’s losing revenue.  The August and September recesses have depleted the coffers even of giants like Patton Boggs, which recently reported a 4% earnings drop from this time last year.  “But recess doesn’t mean lobbyists are twiddling their thumbs,” said Weaver.  “There are a lot of big-ticket issues to prepare for when Congress reconvenes.”

For the long term, it’s fundamentally reshaping itself.  Trends show an increasing preference for small, independent lobby shops over the larger, staid firms.  “A lot of lobbyists don’t feel the need to work for big shops anymore,” said Weaver.  “Many of them have been wildly successful on their own.”

It’s doubtful any of these patterns will bring about radical changes in the lobbying world.  It’s safer to assume the Barbours and Podestas of the industry will remain fixtures for years to come.  The Hill’s annual list will be a reliable test for this assessment.

Recession brings in the bacon for K Street

Monday, September 27th, 2010 by Vbhotla

A down-economy has been a boon for lobbying firms, according to an article by the Washington Post. The article focuses on cash flow in both law firms and lobbying firms in DC, over the past two years.

Massive layoffs in law firms in 2009 and slower flow of business since the start of the recession in 2008 have been detrimental to the organizational health of most law firms in the DC area. But a focus on regulatory law and advice has led to success for some firms.

Certain firms are building strategic practice groups of lawyers with regulatory focus in some of the past year’s biggest legislative issues – environmental policy, healthcare law, and financial regulatory policy.

Lobbying firms are stronger this year than ever before. Almost all of the top ten lobbying firms (by revenue), reported revenue increases over the past several quarters. According to the Post, only three of the largest law firms in the area have increased their attorney count, and two of them, Covington & Burling, and Patton Boggs, also have a very strong government relations / lobbying side to their business.

The Post notes this “synergy” and quotes Bruce Heiman of K&L Gates, saying that the double-sided nature of law plus lobbying may bring greater success, saying that even placement of a comma in a legal document might be the difference between success and failure in a client’s bill: “You just have to [see] that once or twice to pay very close attention to what is it that you’re lobbying for and thinking about how a judge will ultimately interpret the language … I think that gives you a perspective on things that some folks don’t have.”

Washington Post article is here: “Law firms have struggled, but recession proved to be bullish for lobbying shops.”

Fewer Clients Under the Influence

Friday, August 20th, 2010 by Vbhotla just made measuring the influence of thousands of lobbying firms easier with the release of a brand new Factors of Influence chart.  And when you’re done doing that, check out the archived versions to see how statistics have changed.

The current chart shows almost 600 more lobbying firms than the previous version. Collectively, these lobbying firms have added more than 1,000 lobbyists, but are representing fewer clients. Where have all of these changes occurred? See for yourself!