Loretta R. Richard

Partner at Ropes & Gray LLP

Loretta R. Richard

Loretta R. Richard

Partner at Ropes & Gray LLP

Biography

Loretta Richard is a partner in the tax & benefits department of Ropes & Gray. She concentrates on general federal income tax matters and employee benefits. She has special proficiency in tax and benefits controversy matters (including administrative controversy and litigation), and is nationally recognized tax-exempt bond tax counsel. She also has special knowledge in executive compensation and employee benefit matters and tax planning for high net worth individuals.

As part of her tax controversy practice, Loretta regularly represents partnerships, corporations and individuals in connection with tax litigation matters. She represents clients who are under audit in connection with tax shelter matters and is an active coalition member in defending against IRS attacks. She is a member of the U.S. Tax Court and Federal Court of Claims. As part of her benefits controversy practice, Loretta represents corporations, individuals and committees in connection with ERISA litigation matters including breach of fiduciary duty claims, preemption and common stock-related claims.

Loretta regularly represents public and private companies in connection with employee benefit and executive compensation matters. In this regard, she is involved in tax and benefit planning and design as well as ongoing compliance issues. She has represented clients in benefits litigation matters involving claims relating to company common stock, benefit plan contract matters, ERISA preemption, and benefit claim denials, among other things. She regularly represents clients before administrative agencies, such as the IRS, the DOL and the PBGC. She regularly represents clients in connection with mergers and acquisitions, involving both U.S. domestic and international. She advises clients on equity and equity-related compensation matters, relating to employees located in the United States and abroad.

In connection with her public finance practice, Loretta has advised on tax issues (as bond or borrower’s counsel) relating to over 350 tax-exempt bond transactions. Loretta renders federal tax advice relating to bonds issued by Massachusetts Port Authority, Massachusetts Water Resources Authority, the Commonwealth of Massachusetts, the Rhode Island Clean Water Finance Agency, the New Hampshire Municipal Bond Bank, the City of Worcester, Massachusetts, and more than 100 cities and towns located in The Commonwealth of Massachusetts, and the State of New Hampshire. Loretta has also rendered advice in connection with conduit issues, including the Massachusetts Development Finance Agency and Massachusetts Health and Educational Facilities Authority with respect to bonds issued for, among others, Harvard University, Massachusetts Eye and Ear Infirmary, Amherst College, and Elderhostel. Loretta also acts as borrower tax counsel to Stanford University Health Services. Loretta regularly renders advice to bond purchasers both in connection with the initial acquisitions and also with respect to work outs.

Also as part of her tax controversy practice Loretta regularly represents borrowers, issuers and bond purchasers before the Internal Revenue Service in connection with examinations, closing agreements and before the Department of Justice in responding to IRS summons.

Overview
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1579

Number of Awards

1

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Managing Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Partner at Ropes & Gray LLP

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Co-Managing Partner at Ropes & Gray LLP

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Loretta R. Richard
Partner at Ropes & Gray LLP
Education
LLM in Taxation
Class of 1990

Boston University School of Law (BU Law) is the law school affiliated with Boston University. It is the second-oldest law school in Massachusetts and one of the first law schools in the country to admit students regardless of race or gender. It is also a member of the Association of American Law Schools and a charter member of the American Bar Association.

JD, Order of the Coif
Class of 1988

Boston College Law School was founded in 1929 at 11 Beacon Street in downtown Boston, the first dean, Dennis Dooley, envisioned a law school with a social conscience as well as an analytical mind. From its earliest days, Boston College Law School had a reputation for toughness and high standards. It won accreditation from the American Bar Association in 1932, just three years after its founding, joining the Harvard, Yale, and Boston University law schools as the only ones in New England to attain such a distinction.

BA Hons
Class of 1983

The University of Michigan (UM, U-M, UMich, or U of M), frequently referred to as simply Michigan, is a public research university located in Ann Arbor, Michigan, United States. It is the state's oldest university and the flagship campus of the University of Michigan. It is one of the original eight Public Ivy universities and is one of the founding members of the Association of American Universities. It has been ranked among the top five research universities in the US, and among the top 20 universities in the world. U-M also has satellite campuses in Flint and Dearborn.

Memberships
Member
Current

American Bar Association provides legal services. It provides law school accreditation, continuing legal education, legal information and other services to assist legal professionals. The firm has members which include judges, court administrators, law professors, and non-practicing attorneys. The company was founded on August 21, 1878 and is headquartered in Chicago, IL.

Member
Current

The National Association of Bond Lawyers was incorporated as an Illinois non-profit corporation on February 5, 1979, for the purposes of educating its members and others in the law relating to state and municipal bonds and other obligations, providing a forum for the exchange of ideas as to law and practice, improving the state of the art in the field, providing advice and comment at the federal, state and local levels with respect to legislation, regulations, rulings and other action, or proposals therefore, affecting state and municipal obligations, and providing advice and comment with regard to state and municipal obligations in proceedings before courts and administrative bodies through briefs and memoranda as a friend of the court or agency.

Career History
Partner
Current

Ropes & Gray LLP is a global law firm with 11 offices located in the United States, Asia, and Europe. The firm has over 1,100 lawyers, and professionals worldwide, and its clients include corporations and financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston, Massachusetts by John Codman Ropes and John Chipman Gray

Lecturer in Law
1998 - Prior

Boston College Law School was founded in 1929 at 11 Beacon Street in downtown Boston, the first dean, Dennis Dooley, envisioned a law school with a social conscience as well as an analytical mind. From its earliest days, Boston College Law School had a reputation for toughness and high standards. It won accreditation from the American Bar Association in 1932, just three years after its founding, joining the Harvard, Yale, and Boston University law schools as the only ones in New England to attain such a distinction.

Lecturer in Law
1994 - 1998

Boston University School of Law (BU Law) is the law school affiliated with Boston University. It is the second-oldest law school in Massachusetts and one of the first law schools in the country to admit students regardless of race or gender. It is also a member of the Association of American Law Schools and a charter member of the American Bar Association.

Political Donations
$500
2010

Former Governor of Massachusetts

$250
2007

Representative from Massachusetts's 8th Congressional District

$500
2006

Former Governor of Massachusetts

Transactions
Details Hidden

Stryker Corporation purchases Wright Medical Group NV

Details Hidden

TPG Capital, LP, TPG Capital Advisors LLC, TPG Partner Holdings LP purchase CollabNet, Inc. from Vector Capital Management LP

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Arsenal Capital Management LP, Arsenal Capital Group LLC purchase Caprion Biosciences, Inc. from Oakwood Medical Investors, GHO Capital Partners LLP

Awards & Honors
2012
Chambers USA: America's Leading Lawyers for Business
Other Affiliations
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