Biglaw

Cravath’s Unusual Lease Condition

It makes perfect sense if you know anything about NYC in the 1980s.

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

In the 80s when Cravath moved from Wall Street to One Worldwide Plaza, the lease required the developer to buy — and demolish — what nearby business?

Hint: The firm leased the space in exchange for a 7 percent equity stake in the building and was headquartered there from 1988 until April 2024, when it moved to the Hudson Yards.

See the answer on the next page.

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