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 ]
Licensing content from their vast libraries and back catalogs is how Hollywood studios make money. A TV show or movie that's on Max in the US may be on a totally different service in the UK or Korea, with the studio pocketing the extra pounds or won in the process. That’s why savvy viewers have... Continue reading at Engadget
[ Engadget | 2024-10-02 11:08:08 UTC ]
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The Irish city, once home to the likes of James Joyce and Oscar Wilde, is known for its bookstores, libraries and pubs, where writers found inspiration over pints of Guinness. Continue reading at The New York Times
[ The New York Times | 2024-10-02 09:01:07 UTC ]
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Among the week's headlines: it was a busy Banned Books Week in court with developments in two major book banning cases; an anti–book banning resolution is reintroduced in Congress; Delaware libraries grapple with a ransomware attack; and the Carnegie Corporation gives $4 million to New York City... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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The press had been slated for closure after officials voted to eliminate its annual funding, but WSU’s provost and interim dean of libraries opted to reverse course. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-09-27 04:00:00 UTC ]
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California Governor Gavin Newsom has signed AB 2426, a new law that requires digital marketplaces to make clearer to customers when they are only purchasing a license to access media. The law will not apply to cases of permanent offline downloads, only to the all-too-common situation of buying... Continue reading at Engadget
[ Engadget | 2024-09-26 20:30:54 UTC ]
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If you’re a Gen Xer or Millenial who used to listen to music on your Windows XP computer back in the 2000s, you probably have fond memories of the llama-whipping Winamp. Though it was discontinued back in 2013, it was picked up by new owners a few years ago and re-released for a... Continue reading at PC World
[ PC World | 2024-09-26 18:52:06 UTC ]
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The metal boxes, used formerly as newspaper receptacles, house Naloxone free of charge. For decades, Jeff Card’s family company was known for manufacturing the once ubiquitous tin boxes where people could buy newspapers on the street.Today, reach into one of his containers and you may find... Continue reading at Fast Company
[ Fast Company | 2024-09-26 14:21:28 UTC ]
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News that GOG.com has delisted 29 games this month is a sobering reminder that at any moment the games you own could vanish from your PC game libraries at any time and there’s not much you can do about it. Admittedly, GOG’s games include titles that many gamers may not have heard about.... Continue reading at PC World
[ PC World | 2024-09-26 10:30:00 UTC ]
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Jan-Bart van Beek, Guerilla Games' art and animation director, has officially announced that a remastered version of Horizon Zero Dawn is arriving on October 31. The game will feature over 10 hours of re-recorded audio, mocap, as well as improved character models, animation, lighting and... Continue reading at Engadget
[ Engadget | 2024-09-25 05:24:07 UTC ]
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From revoking tenure to cutting an entire library staff, academic libraries are losing—so are students. That, plus this week's book censorship news. Continue reading at Book Riot
[ Book Riot | 2024-09-13 12:00:00 UTC ]
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Some readers think ‘If You Give a Mouse a Cookie’ is a cautionary tale about government welfare. Continue reading at Slate
[ Slate | 2024-09-11 11:00:00 UTC ]
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More than one hundred children and adults walked through metal detectors and past bomb-sniffing dogs to attend Drag Queen Story Hour at a community church in northeastern Ohio in December 2022. Drag Queen Story Hour began in San Francisco in 2015 as an effort to encourage literacy and provide... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-09 08:55:57 UTC ]
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Little Free Library has debuted a new interactive map on its website that charts the locations of Little Free Libraries across the United States, alongside the number of book bans that are in place in each state. The organization built the tool as a way to quickly find the nearest free library —... Continue reading at Literrary Hub
[ Literrary Hub | 2024-09-05 18:27:15 UTC ]
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Google’s AI-powered Photos upgrades are beginning to trickle in. Ask Photos, the Gemini-powered chatbot that lets you get ultra-specific and conversational with your photo searches, is launching in early access for select users in the US. In addition, the improved search for more descriptive... Continue reading at Engadget
[ Engadget | 2024-09-05 16:00:41 UTC ]
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Hundreds of titles from Judy Blume to Mark Twain purged from school libraries following rightwing challengesSix major book publishers have teamed up to sue the US state of Florida over an “unconstitutional” law that has seen hundreds of titles purged from school libraries following rightwing... Continue reading at The Guardian
[ The Guardian | 2024-08-30 17:40:29 UTC ]
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From a library worker strike to the upcoming 'SALEM'S LOT adaptation, catch up on all the news relevant to libraries this week. Continue reading at Book Riot
[ Book Riot | 2024-08-30 16:00:00 UTC ]
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The August 29 complaint over H.B. 1069 argues that the statute is vague and overbroad, and that it has led to the improper removal of hundreds of books from school and classroom libraries in the state. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-08-29 04:00:00 UTC ]
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Greenville County Library System will remove all trans books from their young adult sections and restrict access to those under 17. Continue reading at Book Riot
[ Book Riot | 2024-08-27 14:45:00 UTC ]
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Since it started offering subscribers access to mobile games in 2021, Netflix has built up one of the best gaming libraries around. With a balanced mix of titles built for the service and exclusive rights to the mobile versions of several popular indies (and a few blockbusters), Netflix has... Continue reading at Engadget
[ Engadget | 2024-08-26 12:00:42 UTC ]
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Why libraries are often deliberate targets during war: “For book lovers, there is something profoundly, almost viscerally disturbing about a library on fire.” | Lit Hub Libraries Why there might still be hope for the Earth’s oceans: “A worse version of today’s ocean is not inevitable, but... Continue reading at Literrary Hub
[ Literrary Hub | 2024-08-24 10:30:19 UTC ]
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