I wanted some nice binders for my office and to match the overall aesthetic, was looking for leather. In addition, it needed to function as a take-a-long for meetings with a space for business cards, a writing pad, and a pen. I did not like the aesthetic of the traditional leather three ring binders with the padding, and a "padfolio" was not the right solution. This binder perfectly fits what I was wanting. I'm not convinced it's real leather and would much prefer to pay $18-22 for the binder, but I willingly purchased a total of four - one for each of my larger commercial projects. I'm happy with the purchase and would consider buying two more if necessary.
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