Tuesday, October 21, 2014

The Money That Flows to Lobbyists

The quarterly reporting deadline when K Street lobbying firms disclose their lobbying revenues has hit.

Many firms reported growth in their traditional  Lobbying Disclosure Act revenues as well as the regulatory space and expressed hope that business would grow even further in 2015, reports Politico.

"If there's a Senate flip, I think there's going to be a period of very aggressive growth,"  Marc Lampkin, managing partner of Brownstein Hyatt Farber Schreck's Washington office, told Politico. He added: "If the Senate doesn't flip, it may flatten out a little bit."

Here's the blow-byblow from Politico:

Akin Gump stayed in the top spot on K Street this quarter - posting about $8.8 million in revenue. That's up from both this time last year and last quarter.

 Brownstein is up about 8 percent from last quarter - posting revenues of $6.3 million.

 K&L Gates is up a similar amount with $4.4 million in revenue.

BGR Group saw about 10 percent growth - posting about $4.1 million in lobbying revenues.

Capitol Counsel reported nearly $4.8 million in lobbying revenues this quarter. That's up very sharply from the $3.8 million it reported this time last year.

Cassidy & Associates saw a slight uptick in business over previous quarters to about $3.1 million in revenue - in line with its performance all year.

Mehlman Castagnetti Rosen Bingel & Thomas is up slightly from the previous quarter at $2.9 million in lobbying business - up a touch from the $2.8 million it posted in the second quarter.

Holland & Knight is up from this time last year - posting $4.9 million in lobbying business this quarter.

Squire Patton Boggs is still mired in the fallout from its merger and departure drama and posted a rough quarter - seeing a 26 percent drop in revenues to $6.9 million during the third quarter, according to The Hill's number crunching.

Hogan Lovells declined from about $3.4 million in the second quarter to $3.1 million in the third quarter.

Podesta Group is down from this time last year nearly 1 million in revenue.

Williams & Jensen remained on pace - posting $4.2 million in revenue. That's consistent with its performance all year.

Covington & Burling is down slightly for the quarter to about $2.9 million in lobbying revenue but is on pace to have a better 2014 than 2013.

Van Scoyoc is down a bit from the previous quarter to $5.2 million.

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