Patton Boggs and the Breaux Lott Leadership Group are both posting increased lobbying revenue so far in 2010, an early hint at the trajectory of the combining firms' profits. Patton Boggs finalized its acquisition of Breaux Lott on July 1, but the two firms reported lobbying revenue separately in the first half of the year.
So far this year, Patton Boggs is reporting $20.6 million in revenue under the Lobbying Disclosure Act. That's an increase of almost 11% over the same period in 2009, when the firm reported $18.6 million.
Breaux Lott is reporting more than $6.4 million so far this year. That's an increase of more than 26% over the $5.1 million the firm reported in the same period last year. The firm's most lucrative clients include General Electric and AT&T, which each paid $300,000 for lobbying so far this year,
The two firms are still registered separately to represent clients, though Patton Boggs managing partner Stuart Pape said he believes most Breaux Lott clients will be switched over to Patton Boggs during the third quarter.
The combination of the two means one of K Street's largest firms is merging with one of the fastest-growing. Patton Boggs was number two on this year's Influence 50 list, reporting $78.1 million in lobbying revenue in 2009, a drop of 10.5% from 2008. The revenue totals include fees for work under the Foreign Agents Registration Act, among other things. Breaux Lott was number 32 on the survey and reported $11.2 million in revenue for 2009, a jump of more than 36% over 2008.