Major law firms take the top eight spots in The American Lawyer’s “Influence 50“ ranking, led by Akin Gump, which grossed $98 million, up 9.1% from last year.
Lobbying is apparently somewhat counter-cyclical. Six of the eight firms were up, and the two who saw year-on-year declines, Patton Boggs (#2, $87.3 million gross) and Holland & Knight (#7, $45 million gross) were down minimally: 2.2% and 0.2%, respectively.
After the jump, we’ve got a couple of charts with further analysis of the data.This first chart demonstrates that the more-profitable firms ran tighter operations. In fact, the four smallest practices are the four most-profitable.
Akin Gump’s 40 lobbyists generated a total of $98 million in revenue for the firm for RPL of $2,450,000, Hogan & Hartson‘s 34 generated $73.2 million for RPL of $2.15 million, Covington & Burling‘s 31 generated $55.2 million for RPL just under $1.8 million, and DLA Piper‘s 40 generated $50.6 million for RPL of $1.265 million.
Perhaps even more interesting is the comparison of Revenue Per Lobbyist against the firms’ Profits Per Partner.
Here we see that in all but 2 cases, the lobbyists are significantly cash-flow positive for the firms. In the cases of Hogan & Hartson (RPL $2.15 million vs PPP $833,000) and Akin Gump (RPL $2.45 million vs PPP $970,000) the lobbyists generated revenues more than 2.5x PPP. Only at Patton Boggs (RPL $642,000 vs PPP $783,000) and Greenberg Traurig (RPL $442,105 vs PPP $694,000) did the lobbyists generate less revenue on average than the average partner took home.
Head over to LegalTimes for the full chart and analysis.
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