Dublin-based Grafton Architects, who last year were awarded the Jane Drew Prize, have seen off competition from the likes of Herzog & de Meuron and David Chipperfield Architects to win the contest to design the London School of Economics’ (LSE) £100 million ($144 million) Paul Marshall Building. The new center will house the academic departments of Accounting, Finance and Management and research centres, including the Marshall Institute, with teaching facilities as well as new multipurpose sports and arts facilities. Grafton Architects are reportedly "absolutely delighted to be given this opportunity to build in this unique location in Lincoln's Inn Fields, across from the wonderful Sir John Soane’s Museum, for a visionary client such as LSE."