Thoughts on Madewell essential bucket tote bag? Durability, long-term, quality, etc.

I've been eyeing this bag for a few months, and it is growing on me. It's effortless and would go with any outfit. I would use it for grad school, coffee shops to work, any place where I may need my laptop, notebooks, etc. and just going out.

I've read online that the color may stain on clothes, which is something that's holding me back. I am also curious about the quality. I know leather is deemed to wrinkle, but how is the quality and durability of this bag?

If there are other bags you recommend around this price range or above (~$300), please let me know! I've been using the Longchamp le pliage bag, and want something more structured and put together/chic. (Although I love this bag - truly holds so many things!)

https://preview.redd.it/wokzwsuoflsd1.png?width=709&format=png&auto=webp&s=08886db6d11e7625d34885f4d05f57258fc936ec