Levick Strategic Communications had its third record-breaking year in a row, as it conducted significant work for its corporate, financial, and healthcare clients.
CEO Richard Levick recognized the firm's challenges in 2008, but noted that being a high-stakes firm helped it attain strong results in its specialized sectors.
In 2009, he anticipates a sizable amount of work, focusing on regulatory, financial, food safety, healthcare and medical devices.
“There's no question that we've got a different regulatory climate than we've had for the past eight years,” adds Levick. “Down markets are actually exciting... There's less clutter, more opportunity.”
The firm lost six staffers as it phased out its international and professional services practices, bringing total headcount to 41.
Senior hires include Michael Konczal, SVP, and Dallas Lawrence, VP. Departures include Greg Wilson, SVP; Chris Harvin, VP; and Fred Jones, VP.
Levick saw growth in the financial sector in New York and the pharmaceutical and chemical sectors in Europe.
Include crisis and litigation, and corporate and public affairs, all of which showed solid growth. The international and professional services units were phased out.
New clients include Citgo Petroleum, Six Flags, Southwest Airlines, Debt Settlement USA, Energy Education, and Swiss-Partners Wealth Management. The firm is no longer working with The Executive Office of the Government of Dubai.
Levick reported $10,022,828 in revenue for 2008, a 17% increase over 2007. The firm also noted that 68% of its growth came from new business.
Principal: Richard Levick, CEO
Offices: One, in Washington, DC