Thank you for sharing!

Your article was successfully shared with the contacts you provided.
After more than 20 years as either managing partner or chairman of Blank Rome, David Girard-diCarlo will resign as chairman of the firm, effective Jan. 1, 2009. To replace Girard-diCarlo, the firm has selected the heads of its litigation and business departments. Litigation department Chairman Alan J. Hoffman and Washington, D.C., office head and business department leader Thomas M. (Mike) Dyer will become co-chairmen of the firm. Dyer is also a senior principal of Blank Rome Government Relations. Carl M. Buchholz was elected to his second term as the managing partner of the firm, and Philadelphia partner Gary R. Goldenberg will become finance partner. As the finance partner, he will be responsible for all aspects of the firm’s finances, including its audit and budget activities. For a time, Girard-diCarlo was both the managing partner and co-chairman of the firm. In 2002, he gave up the managing partner position and became the sole chairman. Girard-diCarlo said in a statement that after 20 years overseeing the growth and evolution of the firm, Blank Rome is ready to transition to its next stage of leadership. “David has been the catalyst for much of Blank Rome’s growth and success throughout his tenure. Since 1987, the firm has more than doubled in size and grown into critical new markets such as New York, Washington, D.C., Hong Kong and Brussels,” Buchholz said in a statement. Buchholz said in an interview that he looked forward to continuing as managing partner, but just with a new team. Girard-diCarlo, who will be 65 next year, said in an interview he decided earlier this year that he would not seek another three-year term as chairman. Over 20 years ago, he had put in place an election system in which nominations and elections for firm leadership positions would be held in the fall before the year the term expired in order to ensure smooth transitions. Girard-diCarlo served as chairman of the nominating committee and he nominated Buchholz for another term. A committee then selected Hoffman, Dyer and Goldenberg to be put up for a partnership vote for their respective positions. James T. Smith will take over for Hoffman as head of the litigation group, Barry H. Genkin will leave his position as finance partner to take over as head of the business group, and New York partner Martin Luskin will maintain his position as head of the real estate and financial services department. Girard-diCarlo will also step down as CEO of Blank Rome Government Relations. He said Dyer would probably take over that role, but that has not yet been decided. Having leadership from the firm’s three largest offices � Philadelphia, Washington and New York � was important in selecting attorneys who would fill these positions, Girard-diCarlo said. He said he has great confidence in the new leadership. As the firm continues to evolve, it has to institutionalize its brand, its reputation and its practice, he said, and that is better done with a group of people than just one. Buchholz said Girard-diCarlo has been “a tremendous catalyst for growth” in the firm and a leader who he hopes and expects will remain engaged. The Next Step for Girard-diCarlo He has spent so much time focusing on the growth of the firm that Girard-diCarlo said he hasn’t thought too much about his next steps except to say that he will be focusing on the “three c’s.” The first is client relationships. Over the past 20 years, he has institutionalized his clients and passed them on to other partners. Girard-diCarlo said he still has relationships with those clients and hopes to build on those and create new ones. Community activities are the second focus. Girard-diCarlo sits on several charitable boards, including the Kennedy Center in Washington and the Philadelphia Orchestra’s China committee. The most important “c,” he said, is for his wife, Connie. Next year marks their 35th wedding anniversary and Girard-diCarlo said he has to spend some more time with his best friend. Although he is stepping down as CEO of the firm’s government relations arm, Girard-diCarlo said he would still be involved with politics, although he isn’t quite sure how. He said it would probably be part of the community activities for which he will now have more time. The Next Step for Blank Rome Of all of his accomplishments in leading Blank Rome, Girard-diCarlo said he is “most proud of the fact that we have built an enduring core value and core purpose.” He said he is happy to see that quality people have chosen to come to Blank Rome. The firm has also grown not just in terms of number of lawyers, but geographically and financially, he said. The measure of success of a firm is not by number of lawyers, but by revenue per lawyer and value per lawyer, he said. The firm is probably right behind Morgan Lewis & Bockius and Dechert when it comes to those statistics, he said. When Girard-diCarlo took over as managing partner in 1987, Blank Rome had about $44 million in revenue with under $20 million in profits. He said the firm is on target to hit between $310 and $315 million in revenue for 2007 and about $133 million in profits. In 1987, profits per equity partner were slightly over $200,000 and are set to be close to $700,000 this year, he said. While the firm has accomplished a lot financially, and through expansion into places like Hong Kong, Girard-diCarlo said there is much more to be done. He said the firm should be in London and should be looking at places like Dubai, Texas and California. Fortunately for him, that can be done under someone else’s watch, he joked. Buchholz said he would be looking at not only expanding into some of the areas Girard-diCarlo mentioned, but would want to grow in the firm’s existing offices in New York and Washington.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.