Gibbons Named to National Law Journal's "Midsize Hot List"
July 10, 2009
Gibbons P.C., along with only 19 other law firms from around the country, was named to the National Law Journal’s inaugural “Midsize Hot List.” The publication received a large number of nominations but selected the top 20 midsize law firms (those with fewer than 300 lawyers) that have found innovative ways to position themselves in a crowded market and demonstrated particular creativity and success in recruiting and retaining top talent, developing practice areas, managing operations, and generally navigating the economic downturn more effectively than have many larger firms.
The selection of Gibbons, which was the only law firm headquartered in New Jersey to make the list, was heavily based on the firm’s regionally-focused, middle-market business development strategy that leverages its core strengths. The firm’s cost-effective but employer-friendly operations also supported Gibbons’ inclusion, as did its innovative, customized approach to client billing and other client service standards.
“Gibbons is dedicated to leading the transition for law firms from a lumbering, inefficient, tenth-of-an-hour counter model to a dynamic, responsive, problem-solving one,” says Patrick C. Dunican, Jr., Chairman and Managing Director of Gibbons. “We have reengineered a number of business processes in order to fully capitalize on alternative billing arrangements and technology while providing exceptional legal and client service.”
The firm is focused on offering high quality, cost effective “middle market” legal services to Fortune 500 clients and the range of services to middle market businesses; that is, it handles major deals for mid-market companies (with annual revenues of $100 million to $2.5 billion) and middle-market deals for major companies, notably in New Jersey, New York, Pennsylvania, and Delaware. In addition to targeting the “ideal” client and truly focusing its expansion, Gibbons caught the attention of Midsize Hot List editors:
- by positioning for the future with a state-of-the-art headquarters redesign and technology
- by executing smart recruitment and retention strategies, including: a focus on lateral and law clerk hires; extensive investment in attorney training; a unique, generous benefits package; and policies that promote the advancement of women and minority attorneys
- by formalizing client service and responsiveness standards, including client-specific billing packages, seamless attorney accessibility, and dedicated attention to client concerns regarding the economy, through informal breakfast discussions, ongoing news alerts and analyses, and new practice concentrations on distressed situations
- by being an exemplary corporate citizen through wide-ranging charitable and pro bono outreach programs, as well as “green” business best practices.
The Midsize Hot List recently appeared in the National Law Journal.