The US economy has become more Washington-centric in the past year: the major DC firms’ figures for 2002-03 have shown strong increases in fee income, suggesting they have been thriving, not merely surviving, over the past year.
The traditional strength areas of the capital’s firms – in litigation, lobbying and government-related regulatory and compliance work – have continued at a stable pace, while the remainder of the top 100 firms nationally find themselves suffering from a depressed M&A market and a dearth of public offerings.
