K Street already is on alert.
One of its most storied firms, the Podesta Group, is reportedly disbanding amid reports that its founder, Democratic lobbyist and campaign donor Tony Podesta, was closing shop.
Podesta disclosed to the Justice Department in a previous filing under FARA that he was the sole owner of the firm, and two sources with the firm said some of its lobbyists and public relations professionals were forming a new shop with the expectation that some clients would follow.
"As a part of the development of Wells Fargo's new Government Relations and Public Policy organization, the company is conducting an ongoing review of all external vendor relationships in Washington, DC," said Jennifer Dunn, a spokeswoman for Wells Fargo, in an email. "The company has terminated its relationship with the Podesta Group as a result of that review."
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