Akin Gump, Brownstein Dominate as Pandemic Fuels Federal Lobbying Uptick
The firms remained Capitol Hill's lobbying leaders in Q1, with the coronavirus helping to boost demand and revenues.
April 22, 2020 at 04:48 PM
4 minute read
The original version of this story was published on National Law Journal
While plenty of industries are reeling due to COVID-19, federal disclosures for the first quarter of 2020 confirm that Capitol Hill lobbying isn't one of them.
With the exception of Squire Patton Boggs, Big Law lobbying practices that cracked the top 10 by revenue last quarter each saw an uptick from the same period last year. For the two revenue leaders, the year-over-year gains were substantial: 31% for Akin Gump Strauss Hauer & Feld, which pulled in $12.6 million, and 25% for Brownstein, Hyatt, Farber & Schreck, with $11.5 million.
"There was some conventional wisdom coming out from last fall that suggested during a presidential election year, everything would seize up," said Brownstein partner Marc Lampkin, who leads the firm's Washington, D.C., office. "Then COVID-19 comes along and deepens the attention and focus on policy makers. It certainly created an opportunity for lobbying firms and practitioners."
Brownstein, which has been gaining ground against Akin in the lobbying race, was the revenue leader in the second quarter last year and again in the fourth quarter, though Akin led 2019 revenues overall for the seventh year in a row. The two firms have occupied the top of the rankings since 2015, when Brownstein supplanted Squire Patton Boggs at No. 2.
Squire Patton Boggs had the fourth-highest lobbying revenue in the first quarter of 2020, behind Akin, Brownstein and BGR Group. The firm, whose decade-long lobbying dominance ended in 2014, brought in $6.67 million in Q1 2020 compared to $6.47 million for the same period in 2019.
Holland & Knight, another mainstay, saw 11.5% growth year over year, bringing in $6.4 million in Q1, while the only other Big Law firm in the top 10, K&L Gates, reported $4.7 million in federal lobbying revenue last quarter, a modest rise from the same period in 2019.
A review of new registrations shows how much the pandemic changed the lobbying game last quarter, especially in March and April. New Brownstein clients, for example, included the National Retail Federation, several health care companies, the U.S. Travel Insurance Association, Wynn Resorts and Sun Country Airlines.
"In addition to our longstanding clients, more than 20 new clients hired us this quarter with a sense of urgency as they try to understand how the government's stimulus programs work," Lampkin said in a statement.
Akin's new registrations included American Cruise Lines, the National Association of Theatre Owners as well as the Southeastern Conference (SEC), reflecting the demand from entities in leisure, sports and entertainment for lobbying support.
And they have company. The hotel industry is decimated. Retail giants are closing flagship stores and succumbing to bankruptcy. Restaurants are closed and many will not open again. Manufacturing and travel both need government assistance, along with most of the country's small businesses.
Federal programs such the Paycheck Protection Program, the Main Street Lending Program and the CARES Act are all seeking to help American businesses. But virtually all of the programs were put together and implemented quickly, without the usual deliberation and input from industry groups, which are also trying to sort through and influence the shifting regulatory landscape ahead.
Infographic design by Chelsey Fredlund
|Read More
Is a Coronavirus Loan Truly a 'Loan'? Federal Judge Questions Whether Lobbyists Can Tap Relief Funds
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllWhich 1-Judge Division Districts Have Adopted Anti-Forum Shopping Guidance?
Bitnomial Exchange Preemptively Sues SEC Over Alleged Enforcement Conflict With CFTC
4 minute readDOJ: TD Bank Agrees to Pay $3B Over Anti-Money Laundering Program Violations
2 minute readGCs Face Peril as Foreign Bribery Probes Second-Guess 'Routine' Advice
Law Firms Mentioned
Trending Stories
Who Got The Work
Dechert partners Andrew J. Levander, Angela M. Liu and Neil A. Steiner have stepped in to defend Arbor Realty Trust and certain executives in a pending securities class action. The complaint, filed July 31 in New York Eastern District Court by Levi & Korsinsky, contends that the defendants concealed a 'toxic' mobile home portfolio, vastly overstated collateral in regards to the company's loans and failed to disclose an investigation of the company by the FBI. The case, assigned to U.S. District Judge Pamela K. Chen, is 1:24-cv-05347, Martin v. Arbor Realty Trust, Inc. et al.
Who Got The Work
Arthur G. Jakoby, Ryan Feeney and Maxim M.L. Nowak from Herrick Feinstein have stepped in to defend Charles Dilluvio and Seacor Capital in a pending securities lawsuit. The complaint, filed Sept. 30 in New York Southern District Court by the Securities and Exchange Commission, accuses the defendants of using consulting agreements, attorney opinion letters and other mechanisms to skirt regulations limiting stock sales by affiliate companies and allowing the defendants to unlawfully profit from sales of Enzolytics stock. The case, assigned to U.S. District Judge Andrew L. Carter Jr., is 1:24-cv-07362, Securities and Exchange Commission v. Zhabilov et al.
Who Got The Work
Clark Hill members Vincent Roskovensky and Kevin B. Watson have entered appearances for Architectural Steel and Associated Products in a pending environmental lawsuit. The complaint, filed Aug. 27 in Pennsylvania Eastern District Court by Brodsky & Smith on behalf of Hung Trinh, accuses the defendant of discharging polluted stormwater from its steel facility without a permit in violation of the Clean Water Act. The case, assigned to U.S. District Judge Gerald J. Pappert, is 2:24-cv-04490, Trinh v. Architectural Steel And Associated Products, Inc.
Who Got The Work
Michael R. Yellin of Cole Schotz has entered an appearance for S2 d/b/a the Shoe Surgeon, Dominic Chambrone a/k/a Dominic Ciambrone and other defendants in a pending trademark infringement lawsuit. The case, filed July 15 in New York Southern District Court by DLA Piper on behalf of Nike, seeks to enjoin Ciambrone and the other defendants in their attempts to build an 'entire multifaceted' retail empire through their unauthorized use of Nike’s trademark rights. The case, assigned to U.S. District Judge Naomi Reice Buchwald, is 1:24-cv-05307, Nike Inc. v. S2, Inc. et al.
Who Got The Work
Sullivan & Cromwell partner Adam S. Paris has entered an appearance for Orthofix Medical in a pending securities class action arising from a proposed acquisition of SeaSpine by Orthofix. The suit, filed Sept. 6 in California Southern District Court, by Girard Sharp and the Hall Firm, contends that the offering materials and related oral communications contained untrue statements of material fact. According to the complaint, the defendants made a series of misrepresentations about Orthofix’s disclosure controls and internal controls over financial reporting and ethical compliance. The case, assigned to U.S. District Judge Linda Lopez, is 3:24-cv-01593, O'Hara v. Orthofix Medical Inc. et al.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250