Lobbying industry on winning streak in the Trump era
Lobbyists are winning big under President Trump.
Although the first three months of 2017 was a busy time for K Street, the first quarter of Trump’s second year proved to be even busier.
Hot off the heels of Congress pushing a massive tax-reform bill through, lobbyists were called in to work with lawmakers on fixes, in addition to working on burning issues in technology and trade.
Lobbying firms must submit reports on their earnings for the first three months of 2018 by Friday at midnight. Figures given to The Hill by a handful of firms ahead of that deadline show that K Street is continuing on an earnings streak that began when Trump entered the White House.
Many lobbying firms say that their earnings increases have been driven by a boost in work for existing clients, though K Street has also experienced an uptick in new clients as well.
Squire Patton Boggs has signed a net 22 clients from January 2017 through March 31. Its revenues increased about 7 percent over the first quarter of 2017, to $6.3 million.
“We credit the growth to the continuing demand from clients for help in navigating the unpredictability of present-day Washington, and to new business from companies seeking help in managing challenges and opportunities arising from the newly-enacted US tax-reform law,” said Dave Schnittger, spokesman for Squire Patton Boggs’s public policy practice.
http://thehill.com/business-a-lobbying/lobbying-revenue/384222-lobbying-industry-on-winning-streak-in-the-trump-era
