K Street Republicans Hope for Uptick in Business

//K Street Republicans Hope for Uptick in Business

K Street Republicans Hope for Uptick in Business

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K Street is shown. | John Shinkle/POLITICO

In an article for Politico, Principal Ivan Adler discusses Senate Republican lobbyists and upcoming changes coming to K Street.

By Anna Palmer | October 29, 2014

Senate Republican lobbyists have spent eight years on the K Street sidelines, watching their Democratic colleagues dominate because Harry Reid controlled the agenda.

Now they’re looking to cash in.

GOP lobbyists and consultants are strategizing about landing new business and looking forward to advising clients if Republicans take control of the Senate — setting off rapid change in the political dynamics of Capitol Hill.

Several lobbyists said they expect a bump in business in the first half of 2015 when companies look to recalibrate their outside rosters to engage more heavily with Senate Republicans.

“There will be a burst of excitement and activity as a result of that change,” said former Senate Majority Leader Trent Lott (R-Miss.), who now heads Squire Patton Boggs’ lobbying operation. “There is a lot of pent-up demand in the tax area, infrastructure, immigration, the budget and tax policy.”

Lott said he thinks it will be a shot in the arm to K Street with a much busier legislative agenda.

“There is going to be scrambling on K Street. … There might be some shifting around to more bipartisan or even Republican firms as a result of the change,” Lott said.

It won’t just be GOP-heavy firms that could take advantage of the gavel change.

“No matter what firm you are with, the business environment and the environment for business will be better because Fortune 1000 companies and small businesses alike might finally feel like there is a way to finally accomplish a few pro-business matters,” said one veteran Republican lobbyist.

GOP staffers and lobbyists have already been working behind the scenes to game out how they’ll approach putting together a budget and how the budget reconciliation process would work. Those efforts will be complicated by funding cliffs in the spring that the Congress will also have to deal with at the same time.

Senate Republican leadership’s promise to return the chamber to “regular order” would also create a lot of activity with bills going through committees and more amendments being considered.

“From my perspective, everybody both on the Hill and off the Hill are going to be working a whole lot harder with Leader McConnell and the Senate returning to regular order,” said Hazen Marshall, a lobbyist at the Republican firm the Nickles Group. “People are going to be working late. It’s going to be a brand-new world for staff on the Hill who haven’t gone through that in a long time.”

Those shifts are likely to boost the lobbying industry’s revenues, which have been fairly flat over the past several years.

BGR Group’s Loren Monroe predicted that big-ticket legislation like a transportation bill will increase the importance of coalition building, especially as committees become more relevant.

“Assuming the GOP is in the Senate majority next year, there will be a huge increase in traditional legislative activities — such as hearings, markups, oversight and floor amendments,” Monroe said. “Coalitions will be necessary to be able to cover all the moving parts and to support passage of the backlog of major legislative items. Those coalitions are much more likely to be led by Republicans or Republican-leaning firms.”

It also will very likely increase the talent demand for staffers and K-Streeters who have ties to Republican leadership and key committees like the Senate Finance Committee.

“It is going to be just what the doctor ordered,” said Ivan Adler, a headhunter at the McCormick Group. “If the Senate switches, it is going to be fabulous for lobbying in general. Change is great for lobbying. Whenever there is uncertainty, people need them to tell them what’s happening in Washington.”

While most lobbying firms have gone bipartisan over the past decade, there are still a few GOP-only and Republican-leaning shops that are particularly poised to take advantage of a Republican-led Congress


To read the rest of the article, go to | Politico

To contact Ivan Adler, go to | Ivan Adler

Image source | Politico

The McCormick Group is a national executive search consulting firm that since 1974 has delivered high-qualified candidates to fill key positions across a diverse range of industries and all functional disciplines.

As the largest executive search firm based in the Washington, D.C. metropolitan region, The McCormick Group has superior knowledge of federal Washington and its impact on the nation’s business community and non-profit sector.
By | 2018-02-09T16:12:09+00:00 October 29, 2014|Categories: News|Tags: , , |