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 2002-2009. 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.

Rick leads the firm’s public infrastructure/public-private partnerships (P3) practice, representing domestic and foreign financial institutions in a wide variety of financial transactions in the financing of infrastructure assets. He is a recognized thought leader with respect to P3 and other innovative financing structures and speaks widely at public finance forums, including the Association for Governmental Leasing & Finance, InfraAmericas US P3 Forum, the Securities Industry and Financial Markets Association, and The Bond Buyer public finance conferences.

Representative Matters

  • Representation of the underwriters of public-private partnership tax-exempt revenue bonds to finance HOV/HOT Lanes project
  • Representation of the underwriters of tax-exempt and taxable revenue bonds of a privately operated international airport
  • Representation of the underwriter of publicly offered tax-exempt bonds to finance the purchase of receivables for a public-private partnership to construct a state-sponsored freeway
  • Representation of lender in providing receivables financing for public-private partnership tollway improvements utilizing tax-exempt bonds
  • Representation of underwriters of tax-exempt public-private partnership lease revenue bond transaction for a public university
  • Representation of lender in direct purchase of public-private partnership toll revenue bonds to finance HOT Lanes project
  • Representation of banks providing credit enhancement for public-private partnership toll revenue bonds involving 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 purchaser of 144A structured notes issued by municipal cooperative to finance wind turbines
  • Representation of international leasing company regarding synthetic lease financing of flight simulators


American Bar Association

Association for Governmental Leasing & Finance

National Association of Bond Lawyers

New York State Bar Association

Honors & Awards

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



New York


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

Notable Engagements



  • 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

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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