They’re apparently loving it, in fact.
K Street rebounds as many firms sign clients at fast pace
K Street’s economy appears to be on the rebound as a number of firms are reporting a sharp increase in new clients, a trend lobbyists attributed to the new president’s far-reaching agenda.
The combination of a deepening recession and the distraction of the 2008 campaign, which kept Congress out of session for much of the latter half of last year, were blamed for pushing lobbying revenues down in 2008.
Since Nov. 4, however, several top firms have signed new clients at a pace exceeding the growth periods that followed previous election cycles. Lobbyists credited the recently passed stimulus package and anticipated policy fights touching on the energy, healthcare and financial-services sectors for the uptick.
