![]() Invariant increased its annual revenue by an astonishing 48 percent to $31.2 million. Holland & Knight brought in $34.9 million, a whopping 24 percent increase over 2020. Several of the top lobbying firms enjoyed massive year-over-year increases that resulted in record-breaking 2021 hauls. “We are anticipating a wild 2022 as there are several different moving pieces in a high-stakes election year,” he said, noting that a slimmer Build Back Better plan and the China competition bill are still in play in addition to impending Biden administration regulations. Loren Monroe, a principal at the BGR Group, said that the COVID-19 response, measures to crack down on tech giants and infrastructure implementation helped drive the firm’s unprecedented $9.2 million fourth-quarter haul. “And I see that accelerating over the coming year with an intense focus on the reauthorization of user fee programs for the pharmaceutical and medical device industries,” he said, adding that international issues, particularly the U.S.-China relationship, will also draw significant attention going forward.īGR Group reported $35.1 million in 2021 revenue, a year-over-year increase of 10 percent. Lobbying and law powerhouse Akin Gump Strauss Hauer & Feld reported $53.4 million in 2021 lobbying revenue, a new high-water mark that represents an 8 percent jump from 2020 and a 25 percent increase from 2019.īrian Pomper, a lobbyist at Akin Gump and former Democratic Senate Finance Committee aide, credited the firm’s booming earnings in part to its work on health policy, which remains a focal point as the pandemic rages on. “And if you lose two, that makes it very difficult to govern.” “What’s unique here is that it’s a 50-50 Senate, so you can’t lose one,” Lampkin said. Kyrsten Sinema (D-Ariz.) - announced that he couldn’t support the bill. Joe Manchin (D-W.Va.) - the primary target of high-stakes lobbying campaigns alongside Sen. The spending package is currently shelved after Sen. ![]() Democrats’ razor thin majorities in Congress made it easier for lobbyists to influence the bill. ![]() In recent months, Brownstein’s lobbyists keyed in on federal implementation of the bipartisan infrastructure bill and key provisions in the Build Back Better Act.Ĭorporate lobbyists successfully pushed lawmakers to make industry-friendly changes to virtually every section of Biden’s social spending and climate plan, including the bill’s provisions around corporate taxes, drug pricing, clean energy and paid leave. The influential firm reported nearly $16 million in fourth-quarter earnings, a 29 percent bump from the same period in 2020, according to figures that were required to be filed to Congress Thursday. That’s an increase of 14 percent from the firm’s 2020 total, which set a new benchmark at the time. “Starting in 2020 and going into this year, companies and trade associations really felt like they needed to come to Washington because there was so much at stake with what government was doing.”īrownstein brought in $56.3 million in lobbying revenue last year, more than any other firm on record. “In my mind, the last year is really about new clients,” said Marc Lampkin, who leads Brownstein Hyatt Farber Schreck’s lobbying team. The leading K Street firms benefited from an influx of first-time clients such as cities seeking federal infrastructure funding, pandemic-hit companies pushing for COVID-19 relief and emerging industries like cryptocurrency and green energy, in addition to increased lobbying spending from powerful corporations. The nation’s largest companies and their trade associations turned to lobbying firms with close ties to congressional leaders and administration officials to fight Democratic proposals to reshape key industries and crack down on corporate consolidation. But Democrats’ takeover of Congress and the White House helped further propel the influence industry to new heights. Lobbying spending had already reached record highs in 2020 after Congress authorized trillions of dollars in new spending to fight the pandemic. Most of the top lobbying firms raked in record revenue last year as K Street worked overtime to influence President Biden’s ambitious agenda, according to new lobbying figures shared with The Hill.
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