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 ]
Celebrities including Julia Roberts, Julianna Margulies, and Selma Blair are urging people to take part in the #LetAmericaRead campaign. April is National School Library Month but, unfortunately, some of the books in school libraries have never been under greater threat in parts of America than... Continue reading at Fast Company
[ Fast Company | 2023-04-11 12:01:00 UTC ]
More news stories like this
Regulators around world are cracking down on content being hoovered up by ChatGPT, Stable Diffusion and othersCutting-edge artificial intelligence systems can help you escape a parking fine, write an academic essay, or fool you into believing Pope Francis is a fashionista. But the virtual... Continue reading at The Guardian
[ The Guardian | 2023-04-10 09:10:17 UTC ]
More news stories like this
After the death last year of children’s author Shirley Hughes, her son took hundreds of her books, including the award-winning Dogger, to libraries in Ukraine, where reading is helping to heal the children traumatised by warThe National Library of Ukraine for Children in Kyiv, a city at war for... Continue reading at The Guardian
[ The Guardian | 2023-04-09 07:00:44 UTC ]
More news stories like this
Some of them posed for photos – and before they knew it they had become the face of skin lightening, bad boyfriends, penis disorders and Canadian immigration. What’s it like when your image goes around the world?Stock images are everywhere, and you probably rarely notice them: on billboards and... Continue reading at The Guardian
[ The Guardian | 2023-04-08 09:00:18 UTC ]
More news stories like this
Anyone who stares at a screen all day probably doesn’t want to do so when they unwind with a book. But the convenience of getting a new read instantaneously and carrying a full bookcase in your pocket is pretty appealing. Ereaders combine the best of paper and computers, and they’re capable of... Continue reading at Engadget
[ Engadget | 2023-04-04 13:00:13 UTC ]
More news stories like this
You might not want to use Google Drive for large system backups or other many-file transfers. Ars Technica has learned Google quietly instituted a user "creation limit" of 5 million files sometime in February. As Reddit user ra13 discovered, personal (Google One) and business (Google Workspace)... Continue reading at Engadget
[ Engadget | 2023-04-03 19:12:30 UTC ]
More news stories like this
Bilingual families, dual-language classes, and libraries serving communities with a large number of Spanish speakers are driving demand for dual-language titles for young readers in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-31 00:00:00 UTC ]
More news stories like this
The Nintendo eShop for the Wii U and 3DS game consoles officially closed for business on March 27th, 2023, permanently disabling all new purchases on the platforms. We knew this was coming. Nintendo quietly announced the eShop's closure over a year ago, asserting that it was the "natural life... Continue reading at Engadget
[ Engadget | 2023-03-27 14:00:52 UTC ]
More news stories like this
As a comedy about Canadian libraries Shelved is getting compared to Abbott Elementary, Superstore, Parks and Rec, and of course The Office. Its creator, and former writer for The Office, Anthony Q. Farrell is fine with that. Continue reading at CBC
[ CBC | 2023-03-27 08:00:00 UTC ]
More news stories like this
A federal judge has ruled against the Internet Archive in its high-profile case against a group of four US publishers led by Hachette Book Group. Per Reuters, Judge John G. Koeltl declared on Friday the nonprofit had infringed on the group’s copyrights by lending out digitally scanned copies of... Continue reading at Engadget
[ Engadget | 2023-03-25 16:46:29 UTC ]
More news stories like this
Apple Music users on iOS are highlighting a fairly serious bug that is causing other people's playlists and songs to appear in their libraries, according to multiple Redditors. On top of that, some users have complained that their own playlists have outright disappeared or been replaced by... Continue reading at Engadget
[ Engadget | 2023-03-23 10:30:03 UTC ]
More news stories like this
A man so upset by the Pride programming at his local libraries that he felt moved to graffiti “GROOMERS” onto the windows has been charged with possession of child pornography, the Washington Post reports. The man, Charles M. Sutherland, vandalized two branches in Maryland’s Prince George’s... Continue reading at Literrary Hub
[ Literrary Hub | 2023-03-14 15:13:40 UTC ]
More news stories like this
Reading the titles that have been challenged and removed from public-school libraries across the country. Continue reading at New Yorker
[ New Yorker | 2023-03-10 11:00:00 UTC ]
More news stories like this
Among the headlines this week: a look at libraries some three years after the Covid-19 pandemic began; how the right wing culture war playing out in many communities has led to some librarians living in fear; the St. Paul Public Library's 'Read Brave' program enters its 10th year; and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-03 05:00:00 UTC ]
More news stories like this
Sydney is hosting WorldPride 2023! The celebration began 17 February with some of the best events available at local libraries. Continue reading at Book Riot
[ Book Riot | 2023-02-20 11:39:00 UTC ]
More news stories like this
From big-box stores and schools to banks and gymnasiums, here are some old buildings that were turned into libraries (and bookstores). Continue reading at Book Riot
[ Book Riot | 2023-02-20 11:38:00 UTC ]
More news stories like this
A celebration of community libraries and their expanding role, and a look at the Pulitzer Prize-winning novelist Paul Harding. Continue reading at The New York Times
[ The New York Times | 2023-02-17 17:56:54 UTC ]
More news stories like this
So many libraries, so little time! As writers and readers, we here at Electric Literature know there’s nothing quite like stepping into a space that has been specifically designed to invoke and perpetuate a love of reading. With book-banning efforts escalating across the country and funding for... Continue reading at Electric Literature
[ Electric Literature | 2023-02-17 12:05:00 UTC ]
More news stories like this
At a glanceExpert's Rating ProsLight weight and sharp text make for hours of comfortable readingWaterproofBuilt-in OverDrive supportBook management offers many filtering and sorting optionsConsCan only play audiobooks from KoboBattery life not quite as good as on KindleOur VerdictNot only... Continue reading at PC World
[ PC World | 2023-02-16 23:20:00 UTC ]
More news stories like this
Plex now has the capability to skip intros and credits, so you don't have to sit through them if you don't want to. The streaming media service has introduced its new "Skip Credits" feature, a couple of years after a similar feature debuted for intros, and it shows up as a button at the bottom... Continue reading at Engadget
[ Engadget | 2023-02-16 12:45:54 UTC ]
More news stories like this