Innovative Federal Strategies was named a top lobbying firm in Washington, DC for their work on behalf of clients again in 2023. Information regarding the metrics used by Bloomberg Government with a complete list of the top firms can be found via the report on their website.

Federal lobbying spending topped $4 billion in 2023 for the second consecutive year. Gains almost kept pace with inflation – a 3.1% year-over-year increase – despite the upheaval in Congress that thwarted action on many bills and culminated in two abrupt replacements of the speaker of the House.

Bloomberg Government analyzed Lobbying Disclosure Act reports from every firm that was registered with the Senate and House in 2023. This report focuses on the 381 firms that reported $1 million or more in revenue for the year.