Law firms are office landlords' new BFFs

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 ]

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You can now use Python in Microsoft Excel

If you’ve been feeling constrained by Microsoft Excel’s methods for manipulating data, you’re in luck—Python can now be used within your spreadsheets. The inclusion of the popular programming language went live earlier this week, with the feature available as a public preview. According... Continue reading at PC World

[ PC World | 2023-08-24 20:21:37 UTC ]
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New PEN America Report Documents Surge in ‘Educational Intimidation’ Bills

A new wave of legislation is leading to censorship in schools and libraries by creating a climate of fear and uncertainty for educators. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-23 04:00:00 UTC ]
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What are Story Windows?

Story windows are something you can find at libraries and are similar to story walks, but what are they? One writer explores. Continue reading at Book Riot

[ Book Riot | 2023-08-18 10:33:00 UTC ]
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The Week in Libraries: August 18, 2023

Among the week's headlines: libraries and schools face multiple challenges in Texas; a library administrator in Missouri is warned to stay 'politically neutral' or face discipline; a library in Seattle faces closure for making diverse books available; and Jay-Z juices library card signups at the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-18 04:00:00 UTC ]
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WNDB Announces Books Save Lives Grantees

Five schools, each located in states affected by book bans, will receive up to $5,000 in diverse titles for students and libraries from We Need Diverse Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-15 04:00:00 UTC ]
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An Iowa school district is using AI to ban books

It certainly didn't take long for AI's other shoe to drop, what with the emergent technology already being perverted to commit confidence scams and generate spam content. We can now add censorship to that list as the Globe Gazette reports the school board of Mason City, Iowa has begun leveraging... Continue reading at Engadget

[ Engadget | 2023-08-14 20:25:41 UTC ]
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Lit Hub Daily: August 11, 2023

Jess deCourcy Hinds hopefully predicts a new trend in book publishing: the librarian memoir. | Lit Hub Libraries “It’s like someone hitting you on the side of the head. It’s marvelous.” Former Velvet Underground frontman Lou Reed talks to Allan Jones about making an unlistenable album. | Lit Hub... Continue reading at Literrary Hub

[ Literrary Hub | 2023-08-11 10:30:06 UTC ]
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The Importance of Book-Centered Spaces as Third Places

Libraries and bookstores aren't just places to find books, but "third places" where you can find community, great conversation, and fun. Continue reading at Book Riot

[ Book Riot | 2023-08-11 10:30:00 UTC ]
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Book Aid International: 25,000 Books for Ukrainian Libraries

A September shipment to Kyiv comprises new books donated by UK publishers for Book Aid International and PEN chapters' distribution. The post Book Aid International: 25,000 Books for Ukrainian Libraries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-08-08 22:51:38 UTC ]
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Video and Audio Downloader Pro 2 review: Save YouTube videos and more

At a glance ProsResolutions up to 8K possible, direct extraction of MP3 filesConsNo downloading of videos behind paywallsOur VerdictThe Video and Audio Downloader Pro 2 is easy to use and useful, especially for users of public service media libraries. Watching videos offline has evolved... Continue reading at PC World

[ PC World | 2023-08-04 16:46:51 UTC ]
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Book Bans May Bring the Return of Child-Free Libraries: Censorship News, August 4, 2023

Policies in response to book bans are pushing kids out of libraries — plus, this week's censorship and book banning news. Continue reading at Book Riot

[ Book Riot | 2023-08-04 10:40:00 UTC ]
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Video and Audio Downloader Pro 2 review: Save YouTube videos and more

At a glance ProsResolutions up to 8K possible, direct extraction of MP3 filesConsNo downloading of videos behind paywallsOur VerdictThe Video and Audio Downloader Pro 2 is easy to use and useful, especially for users of public service media libraries. Watching videos offline has evolved... Continue reading at PC World

[ PC World | 2023-07-31 17:44:06 UTC ]
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Libraries Are Under Attack Because They Are Anti-Fascist

Historically, public libraries have been targets for fascists, and today's libraries are inherently against what fascism stands for. Continue reading at Book Riot

[ Book Riot | 2023-07-31 10:30:00 UTC ]
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These 10 states have the least air-conditioning as heat waves roast the U.S.

Data collected as part of a Department of Energy survey found that some states have relatively low penetration when it comes to AC-equipped households. This weekend much of America was again blanketed in a heat wave. As Reuters noted, over 175 million Americans were under excessive heat... Continue reading at Fast Company

[ Fast Company | 2023-07-31 09:15:00 UTC ]
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Medical advances typically begin with a study. Now, universities are struggling to afford them

The rising costs university libraries are paying to access journals have implications far beyond the ivory tower. From new cancer treatments to debates about foreign policy, new information enters the public domain through academic studies. Now... Continue reading at CBC

[ CBC | 2023-07-31 08:00:00 UTC ]
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Indie games have entered the era of bespoke publishing

For anyone with an eye on video game news, it’s been hard to ignore the recent rise of names like Annapurna Interactive, Devolver Digital, Private Division, Humble, Epic Games and Netflix tied to independent projects. The distribution process for indie developers has shifted over the past few... Continue reading at Engadget

[ Engadget | 2023-07-28 17:06:39 UTC ]
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NASA+ is the space agency's very own streaming platform

NASA is launching its very own streaming platform called NASA+ sometime this summer. While the space agency already livestreams launches and other events on its website, NASA+ will feature not just live broadcasts, but also collections of original video series. A handful of the first shows on... Continue reading at Engadget

[ Engadget | 2023-07-28 06:30:42 UTC ]
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The Week in Libraries: July 28, 2023

Among the week's headlines: a coalition of booksellers and publishing industry groups sue Texas over the state's new book rating law; a judge in Arkansas is set to rule on a motion to block that state's 'harmful to minors' law from taking effect; and a Houston school district's plan to replace... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-28 04:00:00 UTC ]
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7 Novels That Reveal Librarians Behind the Shelves

It isn’t unusual for libraries to feature prominently in novels; novelists, after all, are merely adult versions of the little people who fell in love with books at public libraries. But what of librarians? The keepers of the books, the ones who know you prefer romance, science fiction, or... Continue reading at Electric Literature

[ Electric Literature | 2023-07-20 11:00:00 UTC ]
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Massachusetts Legislators Propose Book Ban Bills

In the past two weeks, three separate bills addressing book bans in schools and libraries have been proposed in Massachusetts. Continue reading at Book Riot

[ Book Riot | 2023-07-13 13:58:56 UTC ]
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