Lawrence I. Richman

Partner/Chair

Larry is chair of the firm’s Private Wealth Services practice group. He facilitates successful legal strategies for entrepreneurs, tax-exempt organizations, fiduciaries and high-net worth families and individuals. This work involves estate, gift and charitable planning issues, including business succession, tax-efficient ownership structures, sophisticated tax-exempt structures, trust and estate administration, executive benefits, life insurance and international estate planning for wealthy individuals.

Larry is nationally recognized for his ability to conceptualize effective methods that enable family offices and wealthy individuals to make well-informed business and legal decisions at every level of their operations. Attorneys, businesses, families and entrepreneurs all over the country frequently retain him to provide a second opinion on sensitive or high-exposure matters not only because of his extensive experience in estate and trust and tax law, but also his experience dealing with the complex factors that motivate the affluent in managing their business and personal affairs.

Larry’s clients face singular challenges: planning for succession, constantly evolving estate and tax planning regulations, generation-skipping taxes and complex family issues.

Larry has served as chairman of the Trust Law Committee of the Chicago Bar Association, is a fellow of the American College of Trust and Estate Counsel, where he serves on its Business Planning and Fiduciary Income Tax Committees, and is a frequently published author and speaker. He is also the Estate and Succession Planning columnist for CCH’s Journal of Passthrough Entities.

  • Chambers High Net Worth, recommended in “Private Wealth Law” since 2018
  • Chambers USA: America's Leading Lawyers for Business, recommended in “Wealth Management,” 2006-2017
  • The Best Lawyers in America, recommended in “Trusts and Estates” since 2006
  • Illinois Super Lawyers, recommended in “Estate Planning and Probate” since 2007
  • Business Succession Lawyer of the Year—USA, Corporate LiveWire, 2015
  • Worth Magazine, “100 Top Attorneys,” 2006-2008 
  • Fellow of the American College of Trust and Estate Counsel
  • Corporate INTL Global Awards, “International Estate Planning Lawyer of the Year in Illinois,” 2017-2018

Bar Admissions

  • Illinois