While many major K Street firms are still increasing their profits, the total improvement of profits over last year was 2.8% in the first half of the year, a significantly smaller increase than recorded over previous years. Doing best these days are firms tilted heavily towards the majority Democrats or those with a strong bipartisan staff. The biggest growth rate was seen by the Podesta Group, a Democratic firm, pulling in 47.4% more than the 2007 first half.

The presidential election year and the slow economy have a lot to do with the K Street slowdown. (Of course, by slowdown, I mean smaller increases in profits; not exactly a slowdown, except in terms of the previous exponential growth rates posted over recent years.) Top ten earners were:

Patton Boggs - $20.5 million (+5.7%)

Akin Gump Strauss Hauer & Feld - $17.8 million (+17.1%)

Van Scoyoc Associates - $14.5 million (+16%)

Cassidy & Associates - $12.1 million (-1.6%)

Dutko Worldwide - $10.4 million (-4.1%)

Hogan & Hartson - $10.2 million (+8.5%)

BGR Holdings - $10.2 million (-11.4%)

Ogilvy Government Relations - $9 million (-27.2%)

Williams & Jensen - $8.6 million (+6.0%)

K&L Gates - $8.0 million (+23.5%)

Both Roll Call and The Hill filed reports on this.