For the eighth year in a row, MultiCultural Law has named Gibbons P.C. one of the “Top 100 Law Firms for Diversity.” In 2012, the firm ranked 89th on this list.
This ranking reflects several recent innovations that Gibbons has put into practices through its award-winning Diversity Initiative. For example, Gibbons is currently focusing its efforts on alleviating the gap between attrition rates of minority and non-minority attorneys throughout the legal industry. While the Gibbons Diversity Initiative has always had a holistic focus on recruitment, training, mentoring, retention, and innovative programming to hone associates’ professional, business development and networking skills, the firm recently began to explore the strategic management of key business processes to help lower the attrition gap. In addition, Gibbons has finalized and fully implemented its pioneering supplier diversity program, GDI-123.
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In its annual rankings of the country’s most active law firms in the private equity arena, Private Equity Analyst, a Dow Jones publication providing premier coverage of the industry, ranked Gibbons P.C. among the top firms for 2011, both in number of deals and number of funds. This is the fifth year in a row that Gibbons has been the only New Jersey-headquartered firm to be ranked in both categories.
The firm’s Private Equity practice, led by corporate department directors Frank T. Cannone and Cheryl A. Gorman, placed 39th in the rankings by number of funds. For the fifth consecutive year, Gibbons earned the distinction of being the highest ranked New Jersey firm in this category, based on the 19 funds the firm represented in 2011. Based on the 10 complex private equity deals Gibbons negotiated and closed in 2011, the firm placed 62nd in the second set of rankings. The firm saw a significant increase in both rankings from last year.
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Russell B. Bershad, co-chair of the Real Property & Environmental Law Department at Gibbons P.C., was recently named one of the Best of 2011 by Mid-Atlantic Real Estate Journal (MAREJ), a comprehensive source of commercial real estate news covering New Jersey, Pennsylvania, Delaware, Maryland and Virginia. Mr. Bershad was one of only three lawyers selected in the Best Attorney category.
Mr. Bershad was selected for his role as lead real counsel for several of the largest, most important and complex transactions currently ongoing in New Jersey, including Bayer HealthCare’s purchase of the former Alcatel-Lucent campus in Hanover, left vacant in 2009. The Bayer relocation involves 2,500 New Jersey employees and 95 acres of office, warehouse, and R&D facilities that will be renovated or reconstructed. The transaction assists the state in retaining its considerable pharmaceutical capability.
Mr. Bershad concentrates his practice on sophisticated financing, leasing, and conveyancing transactions. He has written on real estate matters and has also been an adjunct professor of law at Seton Hall University, where he has taught a course in real estate financing. Mr. Bershad has been recognized as a member of the American College of Real Estate Lawyers. In addition to the MAREJ honor, he is listed in the Real Estate category of the most recent editions of New Jersey Super Lawyers, Chambers USA Guide to America’s Leading Business Lawyers, and Best Lawyers in America, and he has been highlighted for the past two years in the annual “Meet the Lawyers” feature in Real Estate New Jersey, which profiles the state’s most prominent practitioners.