I needed a portfolio for business meetings and did want to spend a fortune. I am very pleased with the quality of this product and would recommend it to anyone wanting to make a professional appearance without breaking the bank. The leather is soft and has a nice "hand" and the cognac color is richer and darker than it appears on the website. There is a handy pocket for a cell phone or calculator. I also like the fact that it does not have a zipper - it is easy to write on the pad without your wrist being scratched with this model. Highly recommended!