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K Street’s gains felt at boutique firms, too

May 28, 2015, The Hill

Covington partner Dan Bryant is quoted in this article regarding the firm's global public policy and government affairs practice.

Covington & Burling, a global law firm, topped the rankings in both revenue per lobbyist and the growth in earnings on an overall level and a per-client basis. It also earned the 11th highest overall lobbying fees on K Street during the first three months of the year, The Hill reported when figures came out last month. 

Bryant said the combination of having a deep bench of experts in Washington and offices around the world is becoming even more necessary for the globalization of both business and U.S. politics and regulatory policy — being simply global isn’t enough.

“It isn't a question of offices — you have to have people in offices outside the United States — but you also have to have people in your U.S. offices who are familiar with the policy challenges that companies face in emerging markets and developing countries,” he said.

Although Bryant says a larger share of the firm’s revenue growth doesn’t come from lobbying figures, Covington is able to cultivate its advocacy business through its legal work.

Clients are “confident we can solve their problems because we did that as their law firm. It becomes a smaller step for them to take, for them to ask us to take on policy work and lobbying work for them,” he said.

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