PMA Group Sees Major Defections

The PMA Group, a 20-year fixture of the Washington, D.C., lobbying scene, suffered a potentially fatal blow this week, with news that eight of its lobbyists had walked out the door to form their own shop and that the firm was raided in November by the FBI.

Firm founder Paul Magliocchetti is also planning to retire, according to one source close the lobby shop, but is still trying to arrange a sale of the firm to those employees who remain.

One client of the firm said PMA officials neither alerted him about the federal raid nor the fact that news of the raid was about to become public this week. In the meantime, though, the client said he watched an exodus of lobbyists from the firm and gathered that it was imploding.

Read more: (T.R. Goldman, “PMA Group Sees Major Defections,” Roll Call, 2/11/09)