"K Street revenue dropped in 2008."
2008 was not a good financial year for some of the top lobbying firms in Washington, DC. “More than half of the top twenty firms that shared their revenue figures with The Hill made less money in 2008 compared with 2007,” the Capitol Hill newspaper reports today. “On average, the top 20 firms suffered a two percent drop in year-to-year revenue totals.” But K Street isn’t in complete despair. Some lobbyists predict that 2009 will be a “fairly positive year,” despite the fact that President Obama has implemented new ethics rules to curtail lobbyists’ influence. Look at The Hill’s chart of the top twenty lobbying firms’ 2007-2008 revenues here.