The Post has coverage of the outlook for law and lobbying firms.
It’s been a bumpy ride for law firms over the past year. The recession left many with more attorneys than work, resulting in large-scale associate layoffs that shrunk local head counts and lowered industry morale. In particular, the downturn ravaged practices aimed at business dealmaking and those that catered to banks and financial firms. But it created work for the District’s lobbyists, as politicians and regulators cast a wary eye on Wall Street. Many financial institutions paid big bucks to send representatives to Capitol Hill.