POLITICS
12/14/2008 05:12 am ET Updated May 25, 2011

Obama Victory's Unintended Impact: Lobbying Boom

Barack Obama spent much of his presidential campaign decrying the influence of Washington lobbyists. In the 10 days since he was elected, he already has had an impact: He has touched off a mini-boom on K Street.

Top lobbying firms are gearing up to handle increased demand from corporate clients who fear that the Obama administration will expand its regulatory reach and target them for tax increases. Some firms, such as Patton Boggs, Akin Gump Strauss Hauer & Feld, and Alston & Bird, are also preparing for new business resulting from the ongoing effort to stabilize the economy.

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