In the third quarter of 2024, Washington-based lobbying behemoth Brownstein Hyatt Farber Schreck recorded impressive federal lobbying revenues of $17 million, outpacing its closest industry competitors. This figure underscores Brownstein’s leadership position in the sector, as other top legal firms showed consistent, albeit less aggressive, growth in their lobbying efforts.
Akin Gump Strauss Hauer & Feld announced its most lucrative quarter to date, with a $14.4 million intake that narrowly eclipsed its second-quarter efforts. While on the ascent, its revenues did not reach Brownstein’s remarkable levels. Similarly, Holland & Knight reported a steady $12.4 million for the quarter, maintaining its performance compared to previous years. Notably smaller figures came from Squire Patton Boggs, which declared third-quarter revenues of $5.1 million, highlighting the varying scales of lobbying income among major practices.
Brownstein credits a surge in revenue generation to legislative developments, notably the National Defense Authorization Act (NDAA) and the anticipation of expiring tax provisions. These economic activities likely spurred increased lobbying demand, driving the firm’s revenue performance beyond its peers.
For a more detailed account of Brownstein’s financial triumph, refer to Bloomberg’s full coverage on the matter.