Rick Cosgrove is a partner in Chapman's Banking and Financial Services Department and a member of the Public and Institutional Banking & Finance Group. He also served as the firm’s Chief Executive Partner from 2002 until 2010. His practice is focused in the areas of commercial lending, credit enhancement, public finance, project finance, structured finance, leasing, derivative products and capital markets activities of banking institutions. He has been practicing law since 1977 when he joined Chapman.

Rick has extensive experience in the representation of domestic and foreign banking institutions and leasing companies in a wide variety of financial transactions, including commercial lending, credit enhancement, project finance, public-private partnership finance, derivative products, leasing, tax-exempt asset securitization and other structured debt financings.

Representative Transactions

  • Representation of lender in providing gap financing for public-private partnership tollway improvements
  • Representation of underwriters of tax-exempt public-private partnership bond transaction for the University of Kansas
  • Representation of lender in direct purchase of public-private partnership toll revenue bonds to finance Hot Lanes project
  • Representation of lead arranger for bank syndicate providing financing of $900 million of tax-exempt TRANs of the Commonwealth of Puerto Rico, including preparation of necessary legislation
  • Representation of banks providing credit enhancement for public-private partnership toll revenue bonds involving Hot Lanes project
  • Representation of purchaser of 144A structured notes issued by municipal cooperative to finance wind turbines
  • Representation of trustor/administrative agent in third party tax-exempt securitizations
  • Representation of international leasing company regarding synthetic lease financing of flight simulators
  • Representation of bank in credit/tenant lease financing of air cargo handling facilities
  • Representation of bank providing credit enhancement for revenue bonds supported by GSA Lease
  • Representation of international leasing company in tax lease of intellectual property
  • Representation of bank in securitization of pool of fixed rate GNMA securities financed with floating rate debt


  • Association for Governmental Leasing & Finance
  • IBC Money Fund Forum
  • Inframation's US P3 Infrastructure Forum
  • National Association of Bond Lawyers
  • National Federation of Municipal Analysts 
  • Securities Industry and Financial Markets Association
  • Tax & Securities Law Institute
  • The Bond Buyer's California Public Finance Conference
  • The Bond Buyer's Financing Municipal Utilities Conference
  • The Bond Buyer's Midwest Municipal Market Conference
  • The Bond Buyer's Texas Public Finance Conference

Honors & Awards

Listed as a “Super Lawyer” in Banking by Illinois Super Lawyers for the years 2010-2012


University of Iowa College of Law, J.D., with high honors, 1977

  • Order of the Coif

Coe College, B.A., magna cum laude, 1974

  • Phi Beta Kappa



New York


American Bar Association

Association for Governmental Leasing & Finance

National Association of Bond Lawyers

New York State Bar Association

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