Ten lobbying companies headquartered in Washington have raised $56.3 million in combined revenue during the first quarter of calendar year 2014, representing a 3-percent year-over-year increase, the Washington Post reported Sunday.
Catherine Ho writes that K&L Gates and Capitol Counsel both posted a double-digit rise in lobbying fees while Patton Boggs and BGR Group’s respective revenues fell by 10 percent and 8 percent, respectively.
Akin Gump reported a 7 percent increase in revenue compared to the first quarter of calendar year 2013, according to the report.
“What we’re seeing in the market is improved health in demand. It’s not yet vigorous, but it is getting healthier,” Don Pongrace, head of the public law and policy group at Akin Gump, told the Post.
Holland & Knight hit a nearly 9 percent revenue increase year-over-year, the report says.
Kevin O’Neill, deputy chair of the public policy group at Patton Boggs, told the Post that revenue per lobbying shop is up 8 percent.