You are the professional, I'm just an attorney, so feel free to ignore absolutely everything I suggest and do what you think is best; however, my thoughts for the logo are:
1. I would like the word "The" in the logo, but it certainly doesn't require equal treatment with the words "Gavel Pit".
2. As I'm looking for a more modern, contemporary-looking logo, if a gavel is included in the logo, my thoughts would be that it not look like an old-time gavel, but one with straight, smooth lines.
3. The site is minimalist in black and white. I was thinking the logo would be black and white also. maybe assisted with some greys, but I am definitely open to other colors. You can find the site at http://www.gavelpit.com.
4. I was thinking something professional, but with a definite edge. No interested in anything cartoonish.
I desire a logo and a favicon: the logo in a high resolution (transparent background,black and white background) that it can be used for printouts, papers, etc and in a lower resolution optimized for web (also transparent background,black and white background).
I provide prompt feedback and will gladly answer any questions. In a rush, so I will pick the winner soon after the contest ends.