Hartford Business Journal

July 11, 2016

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G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m For more B2B news visit JULY 11, 2016 Volume 24, Number 32 $3.00 Subscribe online SAVE THE DATE! 'BLACK TIE & BLUE JEANS' ANNIVERSARY EVENT WEDNESDAY, SEPT. 14, 2016 CT CONVENTION CENTER | HARTFORD Cool things just stand the test of time. Join us in celebrating 20 years of young entrepreneurs. 20th ANNIVERSARY 19 9 7-2 0 16 Index ■ Week in Review: PG. 6 ■ Focus: PG. 8 ■ The List: PG. 9 ■ Deal Watch: PG. 11 ■ Movers & Shakers: PG. 16 ■ Town Profile: PG. 19 ■ Opinion & Commentary: PG. 20 EXECUTIVE PROFILE Cultural Cuisine West Hartford restaurateur Dorjan Puka — the inspiration behind Treva, Avert Brasserie, and the planned opening of Zohara later this year — wants to turn West Hartford Center into a "world food capital." PG. 5 Team Building While the Hartford Yard Goats have played a hopscotch schedule of home games in various away stadiums, the New Britain Bees have started building their base of fans and corporate support. PG. 14 National pay-hike trend hits Hartford law firms By John Stearns jstearns@HartfordBusiness.com N ew York law firm Cravath, Swaine & Moore LLP's decision to raise first- year associate pay to $180,000 (and up to $315,000 for eighth-year associates), has rippled through the law firm universe, includ- ing smaller satellite markets like Hartford. Since Cravath's announcement in June that it was raising the pay of its novice lawyers $20,000, or 12.5 percent (more veteran associates saw pay bumps as high as $35,000, also 12.5 percent), more than 65 top firms followed suit with pay hikes scheduled to take effect July 1, according to Law360 and legal blog Above the Law. Some Hartford area lawyers at national or international firms saw similar pay hikes, industry insiders say, while small and mid- size firms have been less willing to go along with the increases. Locke Lord LLP, with an office in Hartford among 23 worldwide, was one of those firms to boost pay in response to Cravath's mar- ket-setting move, matching it in some large markets like New York. First-year associates in Hartford were bumped up to $155,000, from $145,000, according to Ted Augustinos, Cravath, Swaine & Moore's New Pay Scale Associate New Previous Year Salary Salary 1 $180,000 $160,000 2 $190,000 $170,000 3 $210,000 $185,000 4 $235,000 $210,000 5 $260,000 $230,000 6 $280,000 $250,000 7 $300,000 $265,000 8 $315,000 $280,000 S O U R C E : A B O V E T H E L A W FOCUS LAW Continued on page 8 By Gregory Seay gseay@HartfordBusiness.com C onnecticut's small manufacturers are finding more money- making assignments flowing their way from larger companies, particularly in the defense sector, where export-sales are cru- cial to their profit lines. But that opportunity also poses a burden: Smaller pro- ducers must invest time, energy and money to prove to federal authorities that nothing, or no one, in their technol- ogy- and product- supply chain poses a threat to America's national security. It's a theme that Continued on page 12 Threat Deflection Small producers' cybersecurity/export-compliance roles grow I L L U S T R A T I O N | A D A M V I L I M E K , V E C T O R S T O C K . C O M

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