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 ]
Critical Linking, a daily roundup of the most interesting bookish links from around the web, is sponsored by Book Riot’s ... Continue reading at Book Riot
[ Book Riot | 2019-07-07 10:30:45 UTC ]
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A movement supported by nonprofit groups and libraries is creating literary spaces in places where children find themselves with time on their hands. Continue reading at The New York Times
[ The New York Times | 2019-07-02 09:00:13 UTC ]
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Microsoft has closed its ebook store—and will soon make their customers' libraries disappear along with it. Continue reading at Wired
[ Wired | 2019-06-30 11:00:00 UTC ]
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Brand offers financial support to help restore parks, libraries and leisure centres. Continue reading at Media Week
[ Media Week | 2019-06-28 09:22:56 UTC ]
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An agreement between publisher Springer Nature and Sweden's Bibsam consortium - made up of institutional libraries and funders - will see the two share the costs of publishing in Springer Nature's Open Access journals. Continue reading at The Bookseller
[ The Bookseller | 2019-06-27 01:33:22 UTC ]
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Writers say a lack of funding and cuts to libraries mean children from disadvantaged backgrounds are missing out when it comes to school visits, after a new report shows that independent schools are far more likely to have welcomed an author in the past year than state schools. Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 04:33:29 UTC ]
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The libraries cited unsustainable costs in ending the service. Cinephiles took to social media with their reactions. Continue reading at The New York Times
[ The New York Times | 2019-06-24 23:21:19 UTC ]
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Reynolds earned a standing ovation for an intensely personal keynote that touched on family, religion, his closest friends and relationships, the power of narrative, and the central, “sacred” role libraries play in people’s lives. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-22 04:00:00 UTC ]
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Among the week's headlines: the 2019 ALA Annual Conference kicks off in Washington DC; Librarians cry foul over Hachette's new digital terms for libraries; and the DPLA wins a major grant. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-21 04:00:00 UTC ]
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In Weare, New Hampshire, a small town about 45 minutes from the state’s southern border with Massachusetts, the local newspaper Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-06-20 19:15:00 UTC ]
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Among the stories making news this week: veteran bookseller and library advocate Tim Coates releases a reader-focused survey; more drama over Drag Queen Storytimes; and what to expect from all the talk of antitrust action in the tech sector. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-14 04:00:00 UTC ]
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The Global Literature in Libraries Initiative takes translations to the ALA Annual Conference and administers a YA prize. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-14 04:00:00 UTC ]
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The demise of Mic has become a cautionary tale for media that relied too heavily on Facebook and tried to be everything to everyone. The post Ad buyers: Don’t blame us for the death of the publishing middle class appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-12-06 00:00:00 UTC ]
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Clinton's new book is a personal memoir about her campaign as well as a 'cautionary tale' about Russian interference in the election. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2017-09-01 00:00:00 UTC ]
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CEO says Facebook is ‘watching closely’ and will ‘take down threats of physical harm’, joining raft of tech companies purging white nationalists and neo-NazisMark Zuckerberg broke his silence on the white supremacist violence in Charlottesville last weekend, writing in a Facebook post Wednesday... Continue reading at The Guardian
[ The Guardian | 2017-08-17 00:00:00 UTC ]
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What Happened, due out in September, will tell her story of the electoral battle with Donald Trump in ‘a deeply intimate account and a cautionary tale for the nation’Hillary Clinton has promised that she will be “letting [her] guard down” in the most personal book she has yet written: a memoir... Continue reading at The Guardian
[ The Guardian | 2017-07-27 00:00:00 UTC ]
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Ethics lawyers and historians have argued that Donald Trump has blurred the line between his public office and private business interests in an unprecedented fashion. In another sense, it’s part of a much larger social trend. Commercial entreaties—whether in the form of magazine ads, radio... Continue reading at Fast Company
[ Fast Company | 2017-05-02 00:00:00 UTC ]
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Of the many talking points Tuesday at Facebook's F8 conference, two stood out because of their potential ramifications: the full rollout of Instant Articles and Facebook Live opening up to developers. We did a quick poll of tech players to gain insight into whether media companies should fear... Continue reading at AdWeek
[ AdWeek | 2016-04-13 00:00:00 UTC ]
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If an Internet company publishes false information about you online, can you sue for damages even if you weren't demonstrably harmed?That, essentially, is the question that hangs in the balance Monday as the U.S. Supreme Court hears arguments in a case that pits online data broker Spokeo against... Continue reading at PC World
[ PC World | 2015-11-03 00:00:00 UTC ]
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Condé Nast has announced a big deal with Amazon that will let people buy and renew print and digital subscriptions to its magazines on the e-commerce giant. The new service, which Amazon is billing as the first of its kind with a publisher, also enables customers to get immediate access to their... Continue reading at AdWeek
[ AdWeek | 2013-08-20 00:00:00 UTC ]
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