K Street’s largest firms are starting to reap the rewards of the new
GOP-controlled Congress, leaving lobbyists bullish about 2015.
Nearly all of two-dozen firms that provided their first-quarter earnings totals to The Hill on Monday — the deadline to report the figures to the House and Senate — saw their revenues increase.
While some reported only modest gains, many in the influence industry say the uptick is likely just the beginning of an influx of new business generated by November’s elections.
“With the return to regular order and a robust pent-up policy agenda, we’re seeing renewed energy and efforts for bipartisan progress that should last at least until mid-2016, when campaign dynamics may finally take over,” Bruce Mehlman told The Hill.
His firm, Mehlman Castagnetti Bingel Rosen & Thomas, saw first-quarter advocacy revenue on par with the same period in 2014. Although it lost one of its major partners and underwent a rebranding last year, the firm earned $2.82 million from January through March.
Brownstein Farber Hyatt Schreck boosted its revenue by almost 7 percent over the same time last year, earning $5.83 million and kicking Podesta Group, which fell 16 percent, out of the No. 3 spot.
http://thehill.com/business-a-lobbying/business-a-lobbying/239477-lobbyists-slow-to-cash-in-on-gop-led-congress
Nearly all of two-dozen firms that provided their first-quarter earnings totals to The Hill on Monday — the deadline to report the figures to the House and Senate — saw their revenues increase.
While some reported only modest gains, many in the influence industry say the uptick is likely just the beginning of an influx of new business generated by November’s elections.
“With the return to regular order and a robust pent-up policy agenda, we’re seeing renewed energy and efforts for bipartisan progress that should last at least until mid-2016, when campaign dynamics may finally take over,” Bruce Mehlman told The Hill.
His firm, Mehlman Castagnetti Bingel Rosen & Thomas, saw first-quarter advocacy revenue on par with the same period in 2014. Although it lost one of its major partners and underwent a rebranding last year, the firm earned $2.82 million from January through March.
Brownstein Farber Hyatt Schreck boosted its revenue by almost 7 percent over the same time last year, earning $5.83 million and kicking Podesta Group, which fell 16 percent, out of the No. 3 spot.
http://thehill.com/business-a-lobbying/business-a-lobbying/239477-lobbyists-slow-to-cash-in-on-gop-led-congress
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