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Message: <blockquote data-quote="justkeepswimming" data-source="post: 148754" data-attributes="member: 25536">WeWork Renegotiating Almost All Leases GloballyThe NY Times article explained that as the future of WeWork looks more and more bleak, it has decided to renegotiate all of its leases and pull out of underperforming locations. This is to reduce WeWork's costs in terms of leasing office space.A quick recap on why WeWork is struggling:A major reason is the shift towards working from home which has made their office-sharing service less desirable. The once billion-dollar business is now struggling to stay afloat as attitudes and working behaviours have changed post-pandemicSome other issues WeWork is battling:WeWork eventually went public in 2021 (they listed on a stock exchange). However, since their stocks were being traded for pennies, they decided to do a reverse stock split just last week.A reverse stock split (from Investopedia) is when a company consolidates the number of existing shares into fewer and higher-priced shares. They divide the existing no of shares by either 5 or 10. It can signal a company in distress since it is raising the value of otherwise low-priced shares.eg. 100 shares = 100p,        Dividing the no of shares by 10 you are left with 10 shares = 100p       Previously one share = 1p, and now one share = 10p (Remember the value of the company does not change, only the stock price value changes) There is still substantial doubt about the company's future.Practice areas involved:- Real estate reviewing leasing contracts- Corporate or Disputes negotiating new terms with landlords- Finance team would be involved in determining how they'll finance the new leases.- It appears that WeWork is struggling financially so the restructuring lawyers may also be brought in to review the company's position and possible ways of reducing costs.- Litigation or arbitration if the landlords aren't cooperative with the new lease terms.- Tax involved in determining the tax structure of the deal- Employment team if the locations being dropped have some employees attached to it, or employees taking care of it.I'm not entirely sure who would be in charge of determining which locations are underperforming but perhaps also the restructuring lawyers?Impact on clients:With the shift in working cultures, many office spaces are going unused. Even law firms' own! Many of the law firms' other clients may also be in a similar position of renegotiating leases, or perhaps leasing out their office spaces to others. Work in the real estate departments and litigation teams would increase with all these negotiations.If there is anything I missed or stated incorrectly, please comment below!</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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