[1] The name refers to the Latin language, which was once widely spoken in and around the University, whose historic home is situated on the other side of Nørregade.
Most of the student life has now been relocated to four new campuses but the area is still known for its lively atmosphere with an abundance of boutiques, cafés and night clubs.
The term Latinerkvarteret was formerly used for a larger area on both sides of the square, including Store Kannikestræde, Krystalgade and Fiolstræde.
[2] In 1208, Bishop Peder Sunesøn founded a Latin school and a body of noble canons in association with the Church of Our Lady.
[2] When the University of Copenhagen was founded in 1479, it took over the old town hall and after the Reformation it took over the bishops palace on the north side of Our Lady's Square.