Law Firms Eye K Street As Lobby Work Booms

Law360, New York (March 12, 2010, 4:53 PM EST) -- The Obama administration's ambitious first year in office has created a boom in lobby revenue for law firms, as more corporate clients are seeking out top firms to fight their high-stakes political battles, according to leaders from Washington's fastest-growing lobby practices.

Despite the economic downturn, federal lobbying revenue reached a record high of $3.47 billion in 2009, a 5.5 percent increase over 2008's previous record-setting $3.3 billion, and a 147 percent increase from the $1.4 billion in lobbying revenue reported in 1998, according to an analysis...
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