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 ]
Using its I Love Libraries website as a platform, the ALA has launched a public supporter program intended to generate donations and keep library patrons apprised of the organization’s advocacy work and grants. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-02-20 05:00:00 UTC ]
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The Theological Book Network ships millions of religious studies texts to scholars whose libraries can't afford costly-but-essential books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-02-19 05:00:00 UTC ]
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The Portuguese network of libraries has launched a new program for digital book access, provided by Québec City's De Marque. The post In Portugal: De Marque’s BiblioLED Project Is Activated appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-02-04 16:05:31 UTC ]
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If you've noticed changes to the digital materials you can borrow from your library, that's because that access is costing libraries way more than ever before. Continue reading at Book Riot
[ Book Riot | 2025-02-04 14:30:00 UTC ]
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Libraries are good for you in ways you might not have thought of, an overdue translation comes to English, dystopian novels pop (again). All in today's book news. Continue reading at Book Riot
[ Book Riot | 2025-02-03 17:25:00 UTC ]
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How Trump’s unconstitutional federal funding freeze put libraries (and everything else) at risk: “They are not afraid to threaten vast swathes of vulnerable Americans—the point is to be cruel and to punish.” | Lit Hub Politics “When I think about it, tucking the label / back into my husband’s... Continue reading at Literrary Hub
[ Literrary Hub | 2025-01-30 11:30:26 UTC ]
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Science has backed up what many of us have long been saying: the library rocks. A study from the New York Public Library surveyed 1,974 users on how the library makes them feel and how it affects their lives, and the results are overwhelmingly positive. The researchers’ analysis (which used... Continue reading at Literrary Hub
[ Literrary Hub | 2025-01-28 16:23:23 UTC ]
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Digital borrowing of e-books, audiobooks, and digital magazines rose to more than 739 million checkouts at the libraries and schools who use OverDrive's Libby and Sora apps. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-28 05:00:00 UTC ]
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Pediatrician Dr. Genna Ableman juggles the usual clinical tasks at every wellness visit: measuring a child’s vitals, administering vaccines and talking about nutrition. But she also makes time for what she says is one of the most critical ways to improve a child’s health: reading.Ableman,... Continue reading at Crains New York
[ Crains New York | 2025-01-24 11:03:08 UTC ]
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Librarian of Year John Szabo, of the Los Angeles Public Library, talks about the fires and why libraries are so important in these political times. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2025-01-23 16:45:45 UTC ]
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Kootenai County libraries will create an "adults only" room, revoke library access to minors, and seek to ban purchases of a wide swath of book topics for anyone under 18. Continue reading at Book Riot
[ Book Riot | 2025-01-20 14:25:00 UTC ]
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Mayor Eric Adams proposed a $114.5 billion budget for the coming year that dials back migrant spending while ramping up allocations for shelter beds, tax cuts and infrastructure. But he acknowledged uncertainties posed by a sluggish commercial office market and the policies of the incoming Trump... Continue reading at Crains New York
[ Crains New York | 2025-01-16 18:11:40 UTC ]
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The newly released 'Audiobooks and Public Libraries' report shows US libraries' community sizes playing a role in audio circulation. The post New Research on Audiobook Circulation in US Libraries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-14 22:10:01 UTC ]
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As he kicks off a year that could see him jailed or booted from City Hall, and quite possibly both, Mayor Eric Adams on Thursday laid out an agenda for 2025 that doubled as a platform for his uphill re-election campaign.In his fourth State of the City address, Adams laid out plans that respond... Continue reading at Crains New York
[ Crains New York | 2025-01-09 18:44:42 UTC ]
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One library district is trying a new way of partnering with Colorado's business community in an effort to find innovative solutions. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2024-12-24 18:43:34 UTC ]
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NYC's book borrowing habits in 2024, book marketing in the UK, and coloring book drama headline today's book news. Continue reading at Book Riot
[ Book Riot | 2024-12-19 15:08:43 UTC ]
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Two years ago, with the depths of the pandemic still close in the rearview mirror, New York’s top officials charted a way forward: dozens of big ideas proposed by a group of 57 civic leaders, endorsed by the mayor and governor and geared toward revitalizing the city’s business districts.Now, the... Continue reading at Crains New York
[ Crains New York | 2024-12-16 10:48:25 UTC ]
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Catch up with the latest in library news, including mental health literacy resources, Japanese libraries trying out book sales, and more. Continue reading at Book Riot
[ Book Riot | 2024-12-13 12:30:00 UTC ]
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Book bans are tanking sales of children's books. Schools and libraries aren't buying books about LGBTQ+ issues and race as they brace for culture war pushback. Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-12-12 11:00:55 UTC ]
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Constantinou, a longtime leader in library innovation who most recently served as director of libraries at the University of Pennsylvania, has been appointed as the new executive director of the Whiting Foundation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-10 05:00:00 UTC ]
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