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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Lit Hub Weekly: February 6-10, 2023

Booksellers from The Strand remember the coolest celebrity “cart shark” of them all: Television frontman Tom Verlaine. | Lit Hub Bookstores & Libraries Food as sustenance and political metaphor: How White House dinners shape presidential policy. | Lit Hub Politics “Will this book, like so... Continue reading at Literrary Hub

[ Literrary Hub | 2023-02-11 11:30:37 UTC ]
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What Politicians’ Libraries Tell Us

What, and whether, our world leaders read provides crucial insight into their minds and priorities. Continue reading at The Atlantic

[ The Atlantic | 2023-02-10 15:44:57 UTC ]
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Master your Steam Deck with these 22 tips and tricks

While Valve’s awesome $399 Steam Deck is a capable enough gaming system out of the box, some of its best features are easy to miss. If you know where to look, you can customize the Steam Deck to your liking, minimize annoyances, and even expand your game catalog well beyond the built-in... Continue reading at PC World

[ PC World | 2023-02-10 12:52:42 UTC ]
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Amazon Luna will lose over 50 games this month

Cloud gaming libraries normally get larger, but Amazon Luna's appears to be shrinking — for now, at least. 9to5Googlenotes that the paid Luna+ tier will lose 53 games in February. Many of these are older or niche titles you won't necessarily miss, but that does mean losing classics like No More... Continue reading at Engadget

[ Engadget | 2023-02-06 16:53:46 UTC ]
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Nintendo classic 'Zelda: A Link to the Past' gets an unofficial PC port

The latest game to get the reverse-engineering treatment is The Legend of Zelda: A Link to the Past, Neowin has reported. A GitHub user called snesrev has fully ported the game to PC using over 80,000 lines of code, while adding some extra enhancements. Those include support for enhanced aspect... Continue reading at Engadget

[ Engadget | 2023-02-06 11:55:42 UTC ]
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Penguin Random House Audio Acquires Playaway Products

Penguin Random House Audio has acquired Playaway Products, a producer of physical audio players and tablets preloaded with content. Launched in 2005 and based in Solon, Ohio, the company offers 36,000 titles and works with some 40,000 libraries and institutions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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Penguin Random House’s All Ways Black Collective Battles Book Bans

A community of Black writers and readers, the group is partnering with Little Free Library to bring more free libraries to Black communities across the country. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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An Open Letter to Stephen King: Book Censorship News, January 27, 2023

No, kids CAN'T get the books being banned at libraries and bookstores, Mr. King. That, plus this week's book censorship news. Continue reading at Book Riot

[ Book Riot | 2023-01-27 11:40:00 UTC ]
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Book Bans are Driving Kids Away from Libraries and Reading

As recent laws restrict school librarians from bringing in new books, they're seeing a drop off of students using the library at all. Continue reading at Book Riot

[ Book Riot | 2023-01-23 17:38:56 UTC ]
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The Future of Libraries

Libraries have existed for 5,000 years, but what does their future look like in an ever-changing world. One writer explores. Continue reading at Book Riot

[ Book Riot | 2023-01-18 11:37:00 UTC ]
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Exploring the Innovative Community Libraries of Korea

Library educator R. David Lankes reflects on the community-centered, empowering, progressive libraries he visited on a recent trip to Korea. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-12 05:00:00 UTC ]
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OverDrive: Record Number of Libraries Surpassed One Million Digital Lends in 2022

OverDrive officials said 129 library systems hit the milestone with the Los Angeles Public Library becoming its first library system to surpass 10 million digital circulations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-11 05:00:00 UTC ]
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OverDrive Digital Library Circulation Grew 10% in 2022

The 2022 figures suggest that demand for digital resources in libraries continues to be robust even as the rate of growth slows from pandemic levels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-06 05:00:00 UTC ]
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Get 244 hours of top-rated training in popular coding languages for $25

If you’re an analog person living in a digital world, it’s easy to fear that you might get left behind in the future. So, don’t let that happen. Learning to code is easier than ever, thanks to resources like this 14-part code training bundle. And with this end-of-year special, you can get... Continue reading at PC World

[ PC World | 2022-12-19 08:00:00 UTC ]
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The best digital gifts to send your friends and family

Chances are good you know someone who has subscription fatigue from the many digital services that have become essential in our lives. Or maybe you have a loved one getting a new game console or some other exciting new hardware. In either case, we’ve pulled together a number of digital gifts and... Continue reading at Engadget

[ Engadget | 2022-12-14 14:18:30 UTC ]
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Getting Crafty in the Library

As well as being centres for learning and community, libraries can be great locations for arts and crafts sessions. One Rioter shares ways to set up creative meetings in your local library. Continue reading at Book Riot

[ Book Riot | 2022-12-12 11:30:00 UTC ]
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Libraries are not interested in hosting readings of Kirk Cameron’s “faith-centered” kids’ book.

Amid all the stories of shitbag Proud Boys shutting down drag queen story hours at libraries, here’s a nice bit of news about libraries saying a very polite “fuck off” to Kirk Cameron, former Growing Pains star and current Christian film mogul whose latest effort was the anti-abortion... Continue reading at Literrary Hub

[ Literrary Hub | 2022-12-08 17:19:04 UTC ]
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Ayaneo’s Air Pro is a taste of the portable PC gaming future

It’s been a bumper year for gaming on the go. For a spell, it kinda felt like Nintendo was the only name in town, but it’s since become one of the more exciting corners of gaming. Today, there are handheld options for everything from AAA to Indie to retro and beyond. Whatsmore, the current... Continue reading at Engadget

[ Engadget | 2022-12-07 18:00:03 UTC ]
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Today’s Google Doodle celebrates Jerry Lawson, the ‘father of the video game cartridge’

Google’s interactive Doodle today celebrates the life and accomplishments of video game pioneer Gerald “Jerry” Lawson on what would have been his 82nd birthday. The Doodle lets you play five retro pixel-art platformers in your browser — with two even letting you play as Lawson. The Doodles’... Continue reading at Engadget

[ Engadget | 2022-12-01 18:15:43 UTC ]
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How Mastodon and federated services put social networks in the people’s hands

The Internet is getting weird again. Twitter’s recent stumbles under new ownership have surprisingly shined a quick light on the world of federated and decentralized social networking services, like Mastodon. These services are peer-to-peer or community-run networks, depending on the... Continue reading at PC World

[ PC World | 2022-11-30 11:45:00 UTC ]
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