What K Street had hoped would be a boom year is starting out as a bust.
Revenue was either down or flat at many of Washington’s leading lobby firms at the start of 2013 despite the arrival of a new Congress and a fresh legislative agenda from President Obama.
Industry king Patton Boggs reported a decline of nearly $2 million in its lobbying revenue, a sharp and stunning drop that called into question the industry’s bullish outlook for the year.
Source: The Hill. Read full article. (link)