Law firms demoting partners | Clinton kept distance from de Blasio | City nixes Queens homeless shelter

1. Law firms demoting, pushing out more partners

Over half of the law firms surveyed by trade publication American Lawyer said they plan to take equity stakes away from partners this year, and 67% said they will ask partners to leave. The moves by firms, which include major New York practices, are a response to client demands to reduce costs and to competitive pressures. [The Wall Street Journal

2. Clinton aides kept de Blasio at distance, hacked emails show

Hillary Clinton’s aides kept Mayor Bill de Blasio at arm’s length from the beginning of his term in 2014 through the Democratic presidential primaries earlier this year, according to hacked emails from Clinton campaign Chairman John Podesta. Clinton and her staff were wary of de Blasio’s advocacy of progressive causes. [The New York Times

3. City nixes controversial Queens homeless shelter

The city has dropped plans to convert a Holiday Inn in Maspeth, Queens, into a homeless shelter. It will instead rent rooms in the building to 30 homeless men with jobs, while the remainder of the rooms continue to operate as part of a hotel. Local officials and residents had vociferously opposed the conversion. [Daily News

4. Buffett releases tax info in response to Trump

Billionaire investor Warren Buffett released information from his income tax returns in response to Donald Trump’s claim during Sunday’s debate that Buffett had taken a “massive deduction” to avoid taxes. Buffett, who supports Hillary Clinton, challenged Trump to release his returns and scoffed at his claim that an audit prevented him from doing so. [Crain’s New York Business]

Plus: Clinton began to oppose a carried interest loophole that lets investment managers pay lower tax rates only after she started running for president in 2007. [Crain’s New York Business]

Also: Clinton leads Trump 46% to 35% nationwide in a four-way race with third-party candidates, according to an NBC News/Wall Street Journal poll conducted Saturday and Sunday. [NBC News] 

5. Lower Manhattan bears brunt of nursing home closures

The number of beds in certified long-term nursing homes in lower Manhattan has dropped to 418 from 1,085 in 2006 , according to data from the state Department of Health. That represents most of the capacity lost citywide during the 10-year period. [DNAinfo]

Plus: New York-Presbyterian has unveiled an ambulance specifically designed to treat stroke victims. [Crain’s Health Pulse] 

6. Letitia James pushed as interim Brooklyn DA

Unidentified political leaders are urging Gov. Andrew Cuomo to appoint Public Advocate Letitia James to serve out the term of Brooklyn District Attorney Ken Thompson, who died Sunday of cancer. James, a former public defender who represented Fort Greene, Brooklyn, on the City Council, could run for a full term in 2017. [New York Post

7. Investments signal changes in city’s specialty food industry

Investments in six packaged-food startups, including four in the city, by Manhattan-based venture capital fund AccelFoods highlight how New York’s specialty food industry is changing. Such companies typically build slowly, but VC investment signals potentially faster growth. [Crain’s New York Business]

Plus: The city has chosen Bartlett Dairy & Food Service to develop a 7.3-acre site at John F. Kennedy Airport into a food manufacturing and distribution hub. [Daily News]

Also: New York could double the number of food vendor permits issued. [The New York Times

8. Younger tenants dominate downtown Manhattan

Singles, nonrelated roommates and childless, unmarried couples between the ages of 18 and 44 occupy 60% of the apartments in the financial district, Battery Park City and South Street Seaport, according to a report from the Downtown Alliance. The business improvement district hopes the finding encourages landlords to set aside more space for restaurants and entertainment. [Crain’s New York Business

9. Atlantic names Jeffrey Goldberg editor in chief

The Atlantic has tapped Jeffrey Goldberg to be its editor in chief. He succeeds James Bennet, who left in April to become the editorial page editor at The New York Times. Goldberg has been a correspondent for The Atlantic since 2007. The magazine received nearly 500 recommendations for the top editorial post. [The New York Times]

10. Arts and education patron Elizabeth Rohatyn dies

Elizabeth Rohatyn, a prolific fundraiser and organizer for New York City educational and arts organizations, died Sunday at her Manhattan home. She was 86. Rohatyn served as chairwoman of the New York Public Library and as a board member at Lincoln Center. She also started the nonprofit Teaching Matters, aimed at connecting teachers with technology. [The New York Times]

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