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ALM's Legal Times Reports Influence 50 Lobbyists Broke Billion Dollar Barrier in...
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ALM's Legal Times Reports Influence 50 Lobbyists Broke Billion Dollar Barrier in 2007 WASHINGTON--(Business Wire)-- ALM's Legal Times reported today that the 50 highest-grossing lobbying practices in the country passed the $1 billion revenue mark for the first time last year, thanks in part to strong growth in work outside the traditional boundaries of legislative lobbying. Total revenue for the Influence 50 was up 11 percent. Akin Gump Strauss Hauer & Feld ranked number one on the list for the second consecutive year, with $89.8 million in lobbying income. Patton Boggs was a close runner-up, with $89.3 million. Analysis and a complete revenue ranking of the Influence 50 are available at www.legaltimes.com. Legal Times' annual Influence 50 survey shows that some of the biggest players in the lobbying world generated multi-million dollar increases in fees from public relations, monitoring legislative activities, and grassroots advocacy. "Despite all of the attacks on this industry out on the campaign trail, the last year has been an enormously prosperous one for lobbying practices," said David Brown, editor in chief of Legal Times. "Judging by revenue growth over the last few years, it may not be a stretch to say that this is the golden age of lobbying." The Influence survey measures lobbying revenues reported to Congress under the Lobbying Disclosure Act (LDA) and to the Justice Department under the Foreign Agents Registration Act (FARA); and asks firms to provide information about state-level and foreign lobbying and other related lobbying work. For 30 years, Legal Times has been breaking news on Washington's law and lobbying firms, interest groups, courthouses, and federal government. Legal Times provides award-winning coverage of Congress, the U.S. Supreme Court, the Justice Department, and key regulatory agencies, as well as news and advice on the business of law practice and opinion, and analysis from leading practitioners on the major issues of the day. Legal Times is published by ALM. About ALM ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 33 national and regional magazines and newspapers, including The American Lawyer, Corporate Counsel, The National Law Journal and Real Estate Forum. The company is one of North America's largest producers of conferences and trade shows for business leaders and the legal profession. ALM's Law.com is the Web's leading legal news and information network, while ALM's GlobeSt.com is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research and content distribution. For more information, visit www.alm.com. ALM is an Incisive Media company. About Incisive Media Incisive Media is a rapidly growing provider of specialist business information, in print, in person and online. Incisive Media operates in four principal markets: financial services, risk management, professional services and marketing services. Incisive Media's market leading brands include Investment Week, Post Magazine, Risk, Search Engine Strategies, Accountancy Age, Professional Pensions, Computing and Legal Week. For more information, visit www.incisivemedia.com. ALM, The American Lawyer, Legal Times, Corporate Counsel, The National Law Journal, Real Estate Forum, Law.com and all other ALM publication and product names are either registered trademarks or trademarks of ALM Properties, Inc. Peters & Feldman for ALM Lee Feldman, 203-341-8922 firstname.lastname@example.org Copyright Business Wire 2008