Fairfield Business Journal 04/14/14

Page 1

FAIRFIELD COUNTY

BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

EBREVIA GAINS TRACTION IN TECH SPHERE

Bill Fallon

FCBJ this week

April 14, 2014 | VOL. 50, No. 15

MARTIN’S TAKE Stamford’s new mayor presents his state-of-thecity address … 5

BY CRYSTAL KANG

SECURE IN RETIREMENT CPA Norm Grill sizes up the “when” and “how much” aspects of Social Security … 9

ckang@westfairinc.com

I

magine the expense of hiring junior associates at a law firm to pore over legal documents and paying them hundreds of dollars an hour to manually conduct due diligence on dense contracts. This could take several days, and many companies that are under tight deadlines on mergers and acquisitions don’t have the time or money to spend. Many legal firms are experiencing pushback from companies because of the time and cost associated with hiring junior associates to conduct the manual labor. Under duress, attorneys may even produce inaccurate reports, which further adds to the inefficiencies. “Clients are saying to law firms, ‘We don’t want to pay $300 to $500 an hour for

LOOKING BETTER In its Q1 report, commercial real estate company RHYS finds “palpable improvement” … 10 FCBUZZ Nurture your inner aesthete … 18

MEDIA PARTNER

» eBrevia, page 6 Charter Oak Communities CEO Vincent Tufo outside Charter Oak’s 22 Clinton Ave. office in Stamford.

A ROOF OVER ONE’S HEAD

CHARTER OAK IS IN THE COMMUNITY BUSINESS BY BILL FALLON Bfallon@westfairinc.com

CHARTER OAK COMMUNITIES in Stamford has taken the critics’ swords that for decades poked at assisted housing with insults, even expletives, and beat them into a quantifiable success story of mixed-income communities. The Stamford Housing Authority celebrates 75 years this year. For the past seven

years it has done business as Charter Oak Communities. It is classified a quasi-governmental organization with a mayor-appointed (and thereafter independent) board of directors. Charter Oak owns, manages or administers 3,575 housing units in Stamford across more than 20 sites. It owns 757 units, manages 357, handles the assets of 1,011 and facilitates the Section 8 voucher program for » Charter Oak, page 6

NEWS NOON @

Sign up now at westfaironline.com

From left, eBrevia CEO Ned Gannon; Jake Mundt, chief technology officer; and Adam Nguyen, chief financial officer and chief operating officer.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.