Yes - but you have the relationship backwards. Lobbying causes regulation. This is called interest group theory.
Interest Group Theory
Interest group theory says that groups band together to solicit benefits from the government. There are plenty of one-time benefits (a single piece of legislation, for example), but when an interest group is really successful it becomes regulated.
Regulation provides a mechanism for the interest group to continuously receive benefits. For example, the Department of Labor regulates labor in the United States. It exists because of lobbying from organized labor. It's principle policies provide benefits to labor (either individual workers or organized labor).
The same goes for the Department of Agriculture, Mines, Commerce, and others.