The Progressive


A project of Common Dreams

For Immediate Release

Randy Barrett 202-481-1256

Top 10 Financial Lobby Firms


The top 10 lobbying firms working on financial
regulatory reform represented 130 key clients and billed those clients
more than $30 million in overall fees, according to a Center for Public Integrity analysis of lobbying
disclosure reports for all of 2009 and the first quarter of 2010. Almost
all of these lobbying firms have close ties to Capitol Hill.

Topping the list is the Washington firm of Clark Lytle & Geduldig,
with 20 clients. The firm earned $1.3 million lobbying on financial
reform and other issues. Its chief financial lobbyist, Sam Geduldig, was
House Minority Leader John Boehner's political director and also was a
senior adviser to Missouri Rep. Roy Blunt.

Number two is Brownstein Hyatt Farber Schreck LLP, with 19 clients and
$3.4 million in overall revenues. Hyatt's finance team is led by Michael
Levy, a former senior adviser to then-Treasury Secretary Robert Rubin
during the Clinton administration and a former chief of staff to
then-Sen. Lloyd Bentsen, D-Texas.

With 18 clients and $6.78 million in overall fees, Ogilvy Government
Relations ranked third. The firm's Senior Vice President, Dean Aguillen,
was a former senior adviser to House Speaker Nancy Pelosi.

See the full list.

In assembling its list, the Center ranked the lobby firms based on the
number of clients each represented in the financial reform debate.
Because the firms are not required to itemize spending by issue, the
exact dollar amount they earned from working specifically on financial
reform remains unclear.

In all of 2009 and the first quarter of 2010, more than 850 businesses
and organizations spent at least $1.3 billion to lobby on financial
reform and other issues, the Center's analysis found. Out of that total,
experts say it's a safe bet that several hundred million dollars was
spent specifically on lobbyists in the financial debate.

The Center for Public Integrity is a nonprofit organization dedicated to producing original, responsible investigative journalism on issues of public concern. The Center is non-partisan and non-advocacy. We are committed to transparent and comprehensive reporting both in the United States and around the world.