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 ]
Last week, Apple previewed a number of updates meant to beef up child safety features on its devices. Among them: a new technology that can scan the photos on users’ devices in order to detect child sexual abuse material (CSAM). Though the change was widely praised by some lawmakers and child... Continue reading at Engadget
[ Engadget | 2021-08-12 18:30:29 UTC ]
More news stories like this
Fund some classroom libraries today on DonorsChoose with the help of a boost from the Gates Foundation. Continue reading at Book Riot
[ Book Riot | 2021-08-12 10:39:00 UTC ]
More news stories like this
The pandemic memoir “American Crisis” has become a financial and ethical headache for Penguin Random House, dragging the company into the scandals that prompted the governor’s resignation announcement. Continue reading at The New York Times
[ The New York Times | 2021-08-10 22:21:07 UTC ]
More news stories like this
Most libraries are named after men, but here are 7 U.S. libraries and collections named after women that are worth celebrating. Continue reading at Book Riot
[ Book Riot | 2021-08-09 10:32:00 UTC ]
More news stories like this
“Congress is getting the message that libraries of all kinds are key to the vitality of communities,” said ALA president Patty Wong in a statement. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-23 04:00:00 UTC ]
More news stories like this
US-based book distribution service Baker & Taylor has announced it will be offering libraries a "diversity analysis tool" to help them discover, manage and report on diversity-related topics. Continue reading at The Bookseller
[ The Bookseller | 2021-07-08 00:26:16 UTC ]
More news stories like this
Powered by the wholesaler's collectionHQ technology, Baker & Taylor’s “Diversity Analysis” tool will help identify opportunities for libraries to evaluate their collections against industry-accepted diversity subjects. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-07 04:00:00 UTC ]
More news stories like this
Here are some of the most bookish cities in the world, from the city with the most libraries to the best city for writers to live. Continue reading at Book Riot
[ Book Riot | 2021-07-02 10:38:00 UTC ]
More news stories like this
Now we're all possessors of personal super computers that can instantly connect us to whole libraries — there can seem little sense to make iambs and trochees part of one's soul. The post On Memory and Literature appeared first on The Millions. Continue reading at The Millions
[ The Millions | 2021-06-30 09:59:22 UTC ]
More news stories like this
In a powerful close to the 2021 ALA Annual Conference, the 44th president of the United States praised libraries as "citadels of knowledge and empathy" and said the work of librarians is more vital than ever as we seek to rebuild "the unifying story of America." Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-29 00:00:00 UTC ]
More news stories like this
Are Little Free Libraries better in wealthier parts of town? I visited 25 of them in different areas of my city to compare and find out. Continue reading at Book Riot
[ Book Riot | 2021-06-24 10:38:00 UTC ]
More news stories like this
Waterstones Children's Laureate Cresside Cowell and the Duchess of Cornwall have visited a school in Wandsworth, south London, to open a "life-changing" library. Continue reading at The Bookseller
[ The Bookseller | 2021-06-21 16:23:10 UTC ]
More news stories like this
“The library was practically a babysitter. You could leave yourself and enter worlds. It’s such a rich life when you get to be a reader. Books can give you multiple lives.” The post Anthony Doerr’s Libraries of Wonder appeared first on The Millions. Continue reading at The Millions
[ The Millions | 2021-06-21 10:00:30 UTC ]
More news stories like this
For scholars, the loss recalled those of the libraries of Alexandria, Timbuktu and Rio Continue reading at The Economist
[ The Economist | 2021-06-19 00:00:00 UTC ]
More news stories like this
For scholars, the loss recalled those of the libraries of Alexandria, Timbuktu and Rio Continue reading at The Economist
[ The Economist | 2021-06-17 14:58:23 UTC ]
More news stories like this
John Eldred, president and owner of Midwest Tape, died on May 27. In a thoughtful remembrance shared with PW, Jeff Jankowski, Eldred's partner for over 30 years at Midwest Tape, recalled Eldred as a beloved friend who combined his passion for libraries with his love for history, movies,... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-11 04:00:00 UTC ]
More news stories like this
Libraries traditionally played a Spotify-esque role for physical books, but legal barriers have made it largely impossible to do with e-books. Continue reading at Slate
[ Slate | 2021-06-07 09:40:00 UTC ]
More news stories like this
The new release is 'World Book Capital' and proceeds from is sales go to damaged bookshops and libraries in Gaza. The post Bodour Al Qasimi Launches Her Book at Sharjah Children’s Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-05-26 19:57:39 UTC ]
More news stories like this
In his May 25 keynote at the U.S. Book Show's Libraries Are Essential program, author and sociologist Eric Klinenberg called libraries "the best exemplars of our collective life," arguing that strong libraries will be key to the nation's recovery after a historically challenging year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-25 04:00:00 UTC ]
More news stories like this
Arts Council England has announced the details of a £42m fund to boost local libraries, creative projects and museums across the country. Continue reading at The Bookseller
[ The Bookseller | 2021-05-24 06:43:36 UTC ]
More news stories like this