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 ]
OverDrive—the digital learning platform for libraries and schools—has announced it is acquiring RBmedia's library business. Continue reading at The Bookseller
[ The Bookseller | 2020-06-24 09:38:04 UTC ]
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As libraries begin to reopen around the country, patrons are excited to get back to borrowing books—but they’re also still nervous about COVID-19, which is understandable. At least some of them have been “getting creative” in their attempts to protect themselves, prompting at least one public... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-23 18:08:53 UTC ]
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Libraries in England will be able to reopen from 4th July as the country's lockdown measures continue to ease, Boris Johnson has announced. Continue reading at The Bookseller
[ The Bookseller | 2020-06-22 22:02:41 UTC ]
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A reader considers how social media has given libraries a new tool for community engagement, outreach, and promotion. Continue reading at Book Riot
[ Book Riot | 2020-06-22 10:32:03 UTC ]
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With most schools and libraries closed across the country closed, parents are left scrambling in a lot of ways: distance ... Continue reading at Book Riot
[ Book Riot | 2020-06-19 10:39:09 UTC ]
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Schools and libraries have been closed for months, but some kids aren’t going to get away with playing video games all summer. Kelly Passek -- a middle school librarian in Montgomery County, Virginia -- is sending out summer reading via drones. After... Continue reading at Engadget
[ Engadget | 2020-06-12 18:18:26 UTC ]
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Internet Archive’s National Emergency Library initiative, which made more than 1.3 million books available online for free, will end early as publishers sue for copyright infringement. The nonprofit began offering free books during March as the coronavirus pandemic forced Americans to quarantine... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-12 14:06:26 UTC ]
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The nonprofit has said its National Emergency Library was a public service to people unable to access libraries during the pandemic, but publishers and authors accused it of theft. Continue reading at The New York Times
[ The New York Times | 2020-06-11 19:56:08 UTC ]
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Safely lending books is just the beginning. Libraries are figuring out everything from how to remain welcoming spaces to how to respond to changing reader behavior. Continue reading at The New York Times
[ The New York Times | 2020-06-11 09:00:22 UTC ]
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Museums are a lot like libraries and bookstores: quiet, contemplative spaces filled with wondrous objects that can light up your imagination and transport you to a different time and place. Now, like so many other cultural institutions amid the COVID-19 pandemic, most are shuttered for the time... Continue reading at Electric Literature
[ Electric Literature | 2020-06-09 11:00:00 UTC ]
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We're talking to library staff about how libraries are working to plan for summer reading programs despite the limitations caused by a global pandemic. Continue reading at Book Riot
[ Book Riot | 2020-06-08 10:33:48 UTC ]
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The UK's Save Our Libraries campaign, spearheaded by librarians and authors, began nearly 10 years ago - but has it achieved its goal of stopping closures? Continue reading at Book Riot
[ Book Riot | 2020-06-08 10:31:39 UTC ]
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Facing closures and budget shortfalls, libraries look for new ways to support graphic novels amid the ongoing pandemic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-05 04:00:00 UTC ]
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Suzanne Tonini, collection development supervisor for Denver Public Schools, shares how her the city’s public schools and libraries are continuing to meet students’ educational needs amid the pandemic. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-05 04:00:00 UTC ]
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As states push to reopen, many libraries are having to figure out their own way forward. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-05 04:00:00 UTC ]
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Even with their physical locations shuttered, libraries have been an invaluable resource to everyone stuck at home and desperate for new reading material. According to Time Out New York, the NYPL has seen a 864% increase in digital library card sign-ups since March. Still, the loss of the... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-04 15:02:50 UTC ]
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When libraries around the US began closing their doors due to the coronavirus pandemic, the Internet Archive (IA) responded by creating a “National Emergency Library,” a collection of 1.4 million books from its free e-book repository Open Library. Pu... Continue reading at Engadget
[ Engadget | 2020-06-01 19:33:58 UTC ]
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We may not be able to escape to bookish destinations right now, but we can be transported by these books about libraries and bookstores. Continue reading at Book Riot
[ Book Riot | 2020-05-28 10:39:03 UTC ]
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Even before the pandemic, Finnish libraries were usually more versatile than most libraries around the world. The COVID-19 pandemic has changed hundreds of millions of people’s lives in countless ways since it went global in February of this year. Working from home quickly became a norm, online... Continue reading at Fast Company
[ Fast Company | 2020-05-27 07:20:21 UTC ]
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Spotify has announced that it is lifting the content cap that previously limited the number of songs, albums and podcasts that could be added to a library. Until today is was only high-profile Spotify Rockstars who were able to store more than 10,000 items in their Spotify libraries, but now... Continue reading at Betanews
[ Betanews | 2020-05-26 14:59:04 UTC ]
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