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Bromley, Richard

Foley & Lardner LLP
321 North Clark
Suite 2800
Chicago, IL 60654
Phone: (312) 832-4517
Fax: 312-832-4700
Contact Us
Websites associated with this firm:http://www.foley.comSummary
Current Employment Position(s)
Partner
Lawyer Overview
Richard Bromley is a partner in the law firm of Foley & Lardner LLP, one of the oldest and largest law firms in America. Founded in 1842, the firm has over 1,000 attorneys, with offices throughout the United States, Brussels, Shanghai and Tokyo. Mr. Bromley is a member and former co-chair of the firm's Insurance Industry Practice Group and is also a member of the Health Care Industry and Tax Litigation Practices. Mr. Bromley's practice is concentrated in the area of insurance company taxation, where for more than 30 years he has represented the insurance industry's interests with respect to federal and state tax legislation, regulations and rulings. Mr. Bromley was selected for inclusion in the 2007, 2008 and 2009 Illinois Super Lawyers lists for his tax work.* He also represents both life and P & C companies in tax controversies before the IRS and in court. Mr. Bromley was counsel for taxpayer in the following cases:
Mr. Bromley has served as counsel to the National Organization of Life and Health Insurance Guaranty Associations with respect to assisting NOLHGA's member guaranty associations in fulfilling their statutory obligations in several of the largest life insurance company insolvencies in the nation's history. He also serves as counsel to several state life and health insurance guaranty associations. He has been actively involved in representing the interests of guaranty association and state insurance liquidators before the National Office of the IRS. He has also consulted with state insurance regulators in resolving tax issues arising in the context of estates of insolvent insurers.
Mr. Bromley is a frequent speaker and author on topics relating to the taxation of insurance companies and to insurance company insolvencies. He is a member of the board of advisors of the Insurance Tax Law Review. He is also an officer and a member of the Board of the Insurance Tax Conference. He has served as chair of the American Bar Association Tax Section Committee on Insurance Company Taxation, chair of the Insurance Company Subcommittee of the ABA Value Added Tax Committee, and chair of the VAT Task Force of the ABA Committee on Insurance Company Taxation.
Mr. Bromley has served as a lecturer in tax law at DePaul University Law School and an adjunct professor of tax law at IIT Chicago-Kent College of Law. He has also served as a member of the Executive Council of the Chicago Bar Association's Federal Tax Committee. Mr. Bromley is an officer and member of the Board of the Lookingglass Theatre.
Mr. Bromley received both his B.A. and J.D. degrees from the University of Iowa. He was an editor of the Iowa Law Review and a member of the Order of the Coif. From 1968-1969 he served as law clerk to The Honorable Donald P. Lay, Chief Judge, United States Court of Appeals for the Eighth Circuit. He is a member of the Bars of Illinois, Iowa, United States Supreme Court, United States Tax Court, United States Court of Federal Claims and the United States Courts of Appeals for the Fifth, Seventh, Eighth, Tenth and Federal Circuits.
*The Illinois Supreme Court does not recognize certifications of specialties in the practice of law and no award or recognition is a requirement to practice law in Illinois.
Areas of Practice
- Health Care
- Insurance
Qualifications
Bar Admissions
- Illinois
- Iowa
- U.S. Supreme Court
- U.S. Tax Court
- U.S. Court of Federal Claims
- U.S. Court of Appeals 5th Circuit
- U.S. Court of Appeals 7th Circuit
- U.S. Court of Appeals 8th Circuit
- U.S. Court of Appeals 10th Circuit
- U.S. Court of Appeals Federal Circuit
Professional Associations and Memberships
- Illinois State Bar Association (Member)
- Iowa Bar Association (Member)
Honors and Awards
- Illinois "Super Lawyer" by Law & Politics Media, Inc. for his tax work, 2007 - 2008
Past Employment Positions
- National Organization of Life and Health Insurance Guaranty Associations, Counsel
- The Honorable Donald P. Lay, Chief Judge, United States Court of Appeals for the Eighth Circuit, Law Clerk, 1968 - 1969
Education
- University of Iowa College of Law, Iowa City, Iowa
J.D.
Honors: Order of the Coif
Law Review: Iowa Law Review, Editor - University of Iowa, Iowa
B.A.
Office Information
Address
321 North Clark
Suite 2800
Chicago, IL 60654
Phones
(312) 832-4517
Faxes
312-832-4700