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 ]
The best way to end the e-book standoff between publishers and libraries is to use data. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-20 05:00:00 UTC ]
More news stories like this
A daily roundup of the most interesting and awesome bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2019-12-18 11:30:11 UTC ]
More news stories like this
Library association CILIP says the library service needs up to £250m investment and has called for action from Boris Johnson’s government to secure its own future. Continue reading at The Bookseller
[ The Bookseller | 2019-12-18 08:39:06 UTC ]
More news stories like this
Bedbugs in public libraries are becoming routine. Luckily, there are a few things that librarians can do to stop them...starting with preparation. Continue reading at Book Riot
[ Book Riot | 2019-12-17 11:32:47 UTC ]
More news stories like this
Libraries Connected is using a £150,000 Arts Council England grant for a training and mentoring programme helping services develop funding strategies. Continue reading at The Bookseller
[ The Bookseller | 2019-12-17 04:51:52 UTC ]
More news stories like this
One reader takes a trip through their neighborhood of East Rogers Park in Chicago and explores the Little Free Libraries. Continue reading at Book Riot
[ Book Riot | 2019-12-14 11:33:25 UTC ]
More news stories like this
L.A. city officials cancel library fines, which some believe discourage working families from taking advantage of books and other library offerings. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-12-13 18:32:41 UTC ]
More news stories like this
If the recent Chrome Dev Summit was evidence of what Google thinks is hot in web development, then frameworks were one of the clear winners. More specifically, client-side frameworks and libraries like Angular, Vue and React, and larger web frameworks like Next.js. We spoke to Tim Neutkens, lead... Continue reading at Betanews
[ Betanews | 2019-12-13 14:35:38 UTC ]
More news stories like this
As librarians gather in Philadelphia for the 2020 ALA Midwinter Meeting, the future of digital content in libraries remains uncertain. Librarians must stay engaged. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
More news stories like this
Guy LeCharles Gonzalez argues that everyone would benefit from a collaborative, good-faith, and transparent effort to effectively measure the impact of libraries on book discovery, author brand development, and consumer sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
More news stories like this
In our digital age, libraries are spaces for community and connection. The new State Library Victoria proves libaries have an exciting future. Continue reading at The Conversation
[ The Conversation | 2019-12-08 18:49:50 UTC ]
More news stories like this
An awesome daily roundup of the most interesting bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2019-12-03 11:30:46 UTC ]
More news stories like this
An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot
[ Book Riot | 2019-11-29 11:30:56 UTC ]
More news stories like this
In a press conference in London earlier today, embattled-but-unbowed leader of the British Labour Party, lifelong democratic socialist, and absolute boy Jeremy Corbyn revealed a dossier proving that the US is demanding that Britain’s National Health Service (a remarkable civic institution born... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-27 16:43:19 UTC ]
More news stories like this
By 2025, industry analyst firm IDC predicts that 30 percent of all data will be real-time. The avalanche of streaming data frameworks, libraries and processing engines has created a massive learning curve for developers. We spoke with Craig Blitz, product director of cloud native application... Continue reading at Betanews
[ Betanews | 2019-11-27 10:04:35 UTC ]
More news stories like this
This poem that sees libraries as evocative troves of imagery: histories, card catalogs, classifications. Continue reading at The New York Times
[ The New York Times | 2019-11-26 10:00:03 UTC ]
More news stories like this
A reader considers public fascination with iconic and celebrity readers, including attention paid to their personal libraries and book lists. Continue reading at Book Riot
[ Book Riot | 2019-11-25 11:40:14 UTC ]
More news stories like this
Anti-opioid programming is important for inclusion, awareness, and even life-saving. Here are 7 ways libraries are combatting the opioid crisis. Continue reading at Book Riot
[ Book Riot | 2019-11-15 11:35:59 UTC ]
More news stories like this
This Thanksgiving, let's pledge our support to the libraries and library workers who help sustain our reading culture. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
More news stories like this
Libraries do so much for so many, but what about the economic evidence of these benefits? Learn about the return on investment of libraries. Continue reading at Book Riot
[ Book Riot | 2019-11-06 11:39:24 UTC ]
More news stories like this