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Richard Salmen practices in the areas of bankruptcy, business organizations and reorganizations, commercial transactions, commercial lending, real estate, and cooperative law. His pragmatic, results-oriented approach to law serves his numerous closely held and other business entities, banks, commercial real estate, and electric cooperative utility clients in mergers and acquisitions, asset, business and real estate sale, purchase, lending and borrowing transactions; commercial leasing and landlord and tenant matters; business bankruptcy, financial restructuring and workout transactions for both debtors and creditors; entity formation and governance; and a variety of other commercial transaction matters.

A versatile practitioner, Rick has successfully forged a number of long-term client relationships during his career. He serves as “general counsel” for several closely held and other business clients.

Rick has previously served extended terms on the firm’s Management Committee and the firm’s Board of Directors.

Practice Areas

  • Banking and Financial Services Law
    • Commercial Lending
    • Financial Restructuring
    • Workout Transactions
    • Business Bankruptcy
  • Business Organizations and Transactional
    • Commercial Transactions
    • Closely Held Business Representation
    • Mergers and Acquisitions
    • Asset and Business Sales and Purchases
    • Business Entity Formations and Governance
  • Real Estate Law
    • Commercial Real Estate Law
    • Leasing and Landlord/Tenant Matters
    • Real Estate Purchase and Sale, Lending and Borrowing Transactions
  • Energy Law
    • Electric Cooperatives

Representative Cases

  • Commercial real estate work, representing a number of individuals and business entities in purchase and sale, financing, leasing and other landlord/tenant matters
  • Merger and acquisition, asset and business sale and purchase and business transaction practice, representing clients in various industries, including retail, construction, real estate, financial services, energy and electric utility, and professional services
  • Representation of lenders and borrowers in a variety of commercial real estate and asset based lending transactions
  • Representation of creditors and debtors in a significant number of financial restructuring, workout and bankruptcy transactions, including a number of commercial and residential real estate development and traditional and non-traditional lending institution clients

Professional Certifications, Awards and Designations

  • Rated “AV Preeminent” (highest rating) by Martindale Hubbell Legal Directory

Bar Admissions

  • Minnesota, 1979
  • U.S. District Court, District of Minnesota, 1979
  • U.S. District Court, Western District of Wisconsin, 1987

Professional Activities and Memberships

  • American Bar Association
  • Minnesota State Bar (Bankruptcy and Business Sections)
  • Ramsey County Bar Association
  • NAIOP Commercial Real Estate Development Association
  • Electric Cooperative Bar Association

Education

  • J.D., Hamline University, 1979
  • B.S., Business Administration, University of Minnesota, 1975

Presentations

  • Frequent lecturer on corporate, commercial real estate and bankruptcy law related topics for law firm and bar association sponsored seminars
  • Seminar presenter for Minnesota Commercial Association of Real Estate/Society of Industrial and Office Realtors on “Unlocking the Industries of Distressed Properties,” 2012
  • Presented seminars for Minnesota Rural Electric Association for Minnesota electric utility cooperative Boards of Directors regarding “Board of Director New Director Orientation – Powers & Duties of Boards and Directors,” 2010, 2011, 2012
  • Presented seminars for Minnesota attorneys who represent electric utility cooperatives on topic of “Miscellaneous Bankruptcy, Foreclosure, and Collection Issues, ” 2009 & 2011
  • Seminar presenter at Ramsey County Bar Association regarding “Select Business Bankruptcy Issues from the Creditor’s Perspective,” 2009
  • Seminar presenter at FLFV Multi-Employer Plan Benefits regarding “ABC’s of Delinquent Contributions,” 2007
  • Lumen Christi Catholic Community, Member of Property Task Force and various other volunteer positions
  • Catholic Athletic Association, Board Member
  • Greater Minneapolis Regional Chamber of Commerce, Member
  • Minnesota Medical Foundation “Golf Classic Fore Diabetes Research”, Committee Member of golf/dinner/auction annual fundraising event

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