Richard Benenson, with Brownstein Hyatt Farber Schreck.New Federal Lobbying Leader? Brownstein Bests Akin Gump in Q2 Revenues
Brownstein Hyatt is continuing its push for a greater share of federal lobbying revenues, reporting that it out-earned Akin Gump last quarter for the first time.
July 22, 2019 at 06:09 PM
3 minute read
Brownstein Hyatt Farber Schreck has edged out Akin Gump Strauss Hauer & Feld as the nation's top-grossing federal lobbying practice for the second quarter of 2019, according to results the firms shared Monday.
Brownstein said it raked in $10,070,000 in second quarter lobbying revenue, while Akin Gump reported $10,060,000.
The $10,000 difference may be slight, but Brownstein said it represents the first time the firm is poised to lead the quarterly revenue rankings among federal lobby shops. It also comes amid a wider push by the firm to expand its market share in the nation's capital. Brownstein's new firm leader Rich Benenson, who took over July 1, has said the firm is in “growth mode” in Washington, D.C.
Brownstein trailed Akin Gump in first quarter lobbying revenue by some $470,000, making its second quarter haul all the more noteworthy. The gap between the two firms has been steadily shrinking since at least 2018's third quarter, even as both of their revenues have grown. Brownstein said its 2019 second-quarter lobbying revenue is up 41% over its second-quarter performance in 2018, and up 10% over last quarter.
Akin Gump, meanwhile, reported that its 2019 second-quarter revenues are up 11.2% over its 2018 second-quarter revenue, and up 4.3% over last quarter. Akin Gump has led the rankings of top firms as measured by lobbying revenue since 2014, when it skipped ahead of Squire Patton Boggs, a firm that Brownstein surpassed the following year.
Among Brownstein's lobbying clients in 2019 are Anheuser-Busch, Apollo Management, T-Mobile USA and Walgreens.
Akin Gump's lead in lobbying revenues for the full first half of the year appears secure thus far, but that will not be fully known until the mid-year contributions deadline arrives later this month. Other firms are still filing second-quarter revenue data in keeping with deadlines set by the U.S. Senate and U.S. House of Representatives.
BGR Group, which was a top-ranked revenue earner last year, reported $7.24 million in lobbying revenue for the second quarter. Squire Patton Boggs said its federal lobbying revenue was $5.91 million in the second quarter, $830,000 less than the first quarter. The firm reported $6.29 million in lobbying revenue in the second quarter of 2018.
Not all firms have seen an uptick or surge in lobbying revenue. Holland & Knight said Monday it raked in $6 million for 2019's second quarter, down $500,000 from last year's second quarter haul.
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