Thanks to a flood of new government regulations, lobbyists are “minting money,” reports The Hill.
“Top K Street officials say their regulatory work has accelerated in recent years thanks to the sprawling rule-making from the healthcare and financial reform laws.”
“While revenue from traditional lobbying work has flatlined, K Street firms say their regulatory practices are thriving. Several lobbyists said federal agencies are increasingly ‘where all the action is.’”
“With so much money at stake, there has been a realization among lobbyists at law firms that they need to incorporate regulatory expertise into their repertoire.”