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Richard J. Thrapp

Senior Counsel, Attorney at Ice Miller LLP

Indianapolis, IN Website 317 236 2442 LinkedIn
Past Chair and Member, Indiana Business Law Survey CommissionMember, Indianapolis Bar AssociationMember, Indiana State Bar AssociationMember, American Bar AssociationFormer Member, Steering Committee - Indianapolis Bar Association Bar Leader SeriesFormer Chair, Indiana State Bar Association Investment CommitteeFormer Chair, Business Law Section, Indianapolis Bar AssociationFormer Member, Board of Managers, Indianapolis Bar AssociationFormer Member, Board of Trustees, Indianapolis Bar FoundationFormer Chair, Board of Directors, Conner Prairie Museum, Inc.Works with sellers

About

Richard J. Thrapp counsels middle-market companies, including private family-owned and other closely-held businesses, on acquisitions and divestitures. He sometimes serves them as outside general counsel. He prepares operating agreements and buy-sell agreements for owners and partners. His work also covers joint ventures and financings. He earned his J.D. from Indiana University Maurer School of Law in 1983. He has served as corporate or general counsel to major foundations, accounting firms, law firms, and manufacturing, distribution, and media and entertainment companies. He served on the committees that drafted Indiana's Limited Liability Company Act and the Indiana Nonprofit Corporation Act, and in 1986 he assisted with drafting the Indiana Business Corporation Law. More than 40 years of corporate practice stand behind his deal work.

Who is a good fit for Richard J. Thrapp

  • Sellers of family-owned manufacturing companies planning a divestiture.
  • Partners in a closely-held business who need a buy-sell agreement.
  • Middle-market owners forming a joint venture or making an acquisition.

Education and admissions

Education
  • DePauw University, B.A., 1980
  • Indiana University Maurer School of Law, J.D., 1983
Bar admissions
Indiana

Recognition

  • Sagamore of the Wabash, Awarded by Governor Pence, 2016
  • Leadership in the Law, Distinguished Barrister, Indiana Lawyer, 2016
  • The Best Lawyers In America®, Indianapolis Corporate Law "Lawyer of the Year", 2015, 2018, 2024
  • The Best Lawyers In America®, Indianapolis International Mergers and Acquisitions "Lawyer of the Year", 2020
  • BusinessToday.news Lawyer Awards, Top 10 Most Influential Corporate/M&A Lawyers in Indiana, 2023
  • The Best Lawyers® In America, Corporate Law and Mergers & Acquisitions Law, 2007-2027, International Mergers & Acquisitions, 2018-2027
  • Chambers USA, Corporate/Mergers and Acquisitions, 2007-2024
  • Charter Member, Keystone Society of Indiana Bar Foundation
  • Distinguished Fellow, Indianapolis Bar Foundation
  • Fellow, Indiana Bar Foundation

Specialties

Buy-side M&A representationSell-side M&A representation

Deal profile

Typical deal size
Any deal size
Remote work
In-person / regional

Frequently Asked Questions

The governor appointed Richard J. Thrapp to the Indiana Business Law Survey Commission. He won election as its chairman in 2006. He served in that role for 10 years. Because of that work, Governor Pence named him a Sagamore of the Wabash in December 2016.

Richard J. Thrapp counsels clients on board structures and on committee structures. He covers fiduciary duties and indemnity for those boards. He also advises on conflicts of interest and on codes of conduct.

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