Thursday, February 16, 2006

K Street keeps growing

Lobbyists had a banner 2005, the year before simmering controversies involving Jack Abramoff and former Rep. Randy “Duke” Cunningham (R-Calif.) boiled over outside the Beltway and brought new pressures on Capitol Hill to keep lobbyists at arm’s length.
Early returns on end-of-year revenues show strong growth all along Washington’s lobbying corridor.
Several well-known firms reported a revenue jump greater than 20 percent, including Barbour Griffith & Rogers, Quinn Gillespie & Associates, the Federalist Group and the Livingston Group, as a series of policy and legislative efforts brought new business to K Street, from Social Security reform to a national energy plan to the budget bill.
Reigning number one, Patton Boggs, reported an even better 2005. It made $37 million last year, up from roughly $31 million it took in in 2004.

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