"The biggest [lobbying] firms are facing increasing competition from upstarts, breakaways and boutique lobbying shops ... [Lobbying] has become increasingly crowded with public affairs shops, digital firms and grassroots experts all promising different approaches ..." Here is that Politico coverage of how K Street is losing power and revenue.
One of those approaches is to have down cold one field. Patton Boggs might have been too much of a generalist. Media report that it is attempting to hire one-issue talent who will operate as a one-man band.
Politco notes that overall lobbying revenues have been plummeting since 2010. Between 2010 and 2011, they were down $220 million. Between 2011 and 2012 they declined another $20 million. And between 2012 and 2013, they were down another $8 million.
Where there is a world of pain there can be opportunity for those, as Politico has picked up, with "different approaches."