In good times or hard times, lawyers always win.Revenues at the top 100 firms rose to $131 billion in 2022, the most recent year available, from $7 billion in 1986, a 19-fold increase, according to American Lawyer. Profit margins never fell below 35% in even the worst years and hit a record 45% in 2021. For comparison’s sake, Apple’s operating margin last year was 34%.Now lawyers are winning the office-space game, too: Law firms are historically reliable but not exactly sexy as office tenants, especially compared to the flashier and pricy deals in recent years signed by tech and finance companies. But several of the biggest deals over the last year involve law firms, and with Manhattan office landlords scrambling for tenants, members of the bar are enjoying their unlikely new status as belles of the ball.“It’s nice that the Knicks are good again because brokers are inviting me to all the games,” said one partner in charge of his firm’s real estate needs.Law firms typically don’t pay top-dollar rents, or seek out penthouse space, but they soak up space in the middle or lower floors of buildings, helping landlords balance their books. At 55 Hudson Yards, a 51-story tower, the top three floors are leased by hedge fund Third Point at $137 a square foot, according to KBRA data. Below that comes private equity firm Silver Lake, paying $111 per square foot under a lease inked in 2017. Next comes the law firm Milbank Tweed, which signed a lease in 2016 and pays $90 a square foot... Continue reading at 'Crains New York'
[ Crains New York | 2024-03-21 10:03:05 UTC ]
The best books of the summer, bestselling books and indie bookseller favorites, what's happening in libraries and politics, and more. Continue reading at Book Riot
[ Book Riot | 2025-05-31 15:00:00 UTC ]
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Riding a wave of growing enthusiasm for reading, many bookstores and libraries have expanded their programming to let grown-ups in on the literary fun. Continue reading at The New York Times
[ The New York Times | 2025-05-30 09:00:32 UTC ]
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A handy guide to preparing your library now for Pride month, including ideas for educating patrons about the current attacks on LGBTQ+ books, libraries, and more. Continue reading at Book Riot
[ Book Riot | 2025-05-23 12:15:00 UTC ]
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Beyond books, cities like Huntsville that invest in library innovation are building economic resilience. In an era dominated by artificial intelligence and smartphones, one of the most overlooked engines of economic growth sits quietly at the heart of every neighborhood: the public library. Continue reading at Fast Company
[ Fast Company | 2025-05-21 22:34:00 UTC ]
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Libraries’ e-book and audiobook programs are especially vulnerable to the Trump administration’s budget cuts. Libraries across the United States are cutting back on e-books, audiobooks, and loan programs after the Trump administration suspended millions of dollars in federal grants as it tries... Continue reading at Fast Company
[ Fast Company | 2025-05-19 19:30:00 UTC ]
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Small towns in red states overwhelmingly voted in support of cutting federal spending in their own backyard. Now the future of their libraries—and their communities—is in flux. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-16 04:00:00 UTC ]
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I’m always happy to find a new reason why libraries make eveything better, and today I’m pleased to report that some very serious academics have concluded that public libraries are the urban planning equivalent of Batman: great at fighting crime. I stumbled upon this information via a post by... Continue reading at Literrary Hub
[ Literrary Hub | 2025-05-13 17:57:51 UTC ]
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Crain’s asked the nine leading candidates in the June Democratic primary for mayor of New York City to answer questions about their stances on the city’s biggest issues. Below are the answers by Adrienne Adams, the City Council speaker and lawmaker from Southeast Queens. Adams, who made a late... Continue reading at Crains New York
[ Crains New York | 2025-05-07 23:51:19 UTC ]
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Attorneys for the plaintiffs in Penguin Random House LLC v. Gibson argued that their clients “have suffered First Amendment injury” due to book removals in classrooms and libraries facilitated by Florida House Bill 1069, which was signed into law in May 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-30 00:00:00 UTC ]
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Tens of thousands of Los Angeles county workers are going on strike, closing libraries and disrupting administrative operations across the region Continue reading at ABC News
[ ABC News | 2025-04-29 03:58:26 UTC ]
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Nonfiction awards from the PEN Foundation, ALA's State of Libraries report, and more Continue reading at Book Riot
[ Book Riot | 2025-04-23 12:30:00 UTC ]
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It's been 10 years since Lumberjanes hit bookstores and libraries and so many hands. Looking back, what made Lumberjanes so successful? Continue reading at Book Riot
[ Book Riot | 2025-04-16 12:00:00 UTC ]
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We spoke with three teachers and librarians who are encouraging their students and patrons to join the fight to protect the environment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-14 04:00:00 UTC ]
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Where and when did school librarianship begin? A look at the growth, development, and challenges faced by school libraries through American history. Continue reading at Book Riot
[ Book Riot | 2025-04-08 12:30:00 UTC ]
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In its annual State of America's Libraries report, the American Library Association found that George M. Johnson’s All Boys Aren’t Blue was the most challenged book of last year, among other titles largely by and about LGBTQ+ persons and people of color. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-07 04:00:00 UTC ]
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Amidst turmoil, the American Library Association is marking National Library Week April 6-12 with the tagline “Drawn to the Library,” which emphasizes the essential role libraries play in American life. This year’s honorary cochairs are Raina Telgemeier and Scott McCloud. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-04 04:00:00 UTC ]
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Two years ago, newly pregnant and fleeing a violent partner, Briana Drummer left her life behind and checked into a family shelter. There, feeling overwhelmed, she spotted “a big, bright poster” advertising CUNY Reconnect, a program that allows adults with partial college credit to finish their... Continue reading at Crains New York
[ Crains New York | 2025-04-03 09:48:13 UTC ]
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Four of the Big Five publishers and Sourcebooks sent a letter to Congress on April 3 expressing “deep concern” for the nation’s libraries following a week of unprecedented turmoil orchestrated by the Trump administration at the Institute of Museum and Library Services. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-03 04:00:00 UTC ]
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Ohio House Republicans would require libraries remove LGBTQ+ books from sight of those under 18 while also slashing $100 in public library funding. Continue reading at Book Riot
[ Book Riot | 2025-04-02 15:50:00 UTC ]
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The Institute of Museum and Library Services has long received bipartisan support. But after years of trying, President Donald Trump has delivered it a crushing blow. Continue reading at Wired
[ Wired | 2025-04-01 16:29:52 UTC ]
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