Aug 24, 2026
The Madison, Wisconsin, law firm of Richman & Richman LLC is pleased to announce that attorneys Michael P. Richman and Claire Ann Richman have been selected for recognition in the upcoming 33rd Edition of The Best Lawyers in America®. This publication is one of the most respected peer-reviewed attorney rating publications in the country. This recognition covers their work in Bankruptcy and Creditor/Debtor Rights, Insolvency and Reorganization Law, and Litigation – Bankruptcy. For a firm built on handling some of Wisconsin’s most demanding financial and business disputes, this kind of acknowledgment from fellow attorneys is very gratifying.
Attorneys at Richman & Richman LLC serve clients in Madison, across Wisconsin, and in many other states, representing all parties in interest, including individuals, businesses, farmers, and trustees in often complex financial challenges. The firm’s work in bankruptcy and financial reorganization spans Chapter 7, 11, 12, and 13 matters, and extends into commercial litigation and business disputes when resolution outside the courtroom is not possible. This recognition in the 33rd Edition of The Best Lawyers in America® reflects the kind of sustained professional standing that only comes from years of consistent, results-focused representation.
What Does It Mean to Be Named a Best Lawyer?
The Best Lawyers in America® selection process is built entirely on peer evaluation. Attorneys are not nominated by their own firms, and recognition cannot be purchased or applied for directly. The process begins with nominations from outside the nominee’s own practice, followed by confidential evaluations from currently recognized attorneys working in the same geographic area and practice field.
Only around 5% of practicing attorneys in the United States earn a Best Lawyers distinction in any given year. That figure alone tells you something about how selective the process is. When colleagues who compete in the same courts and the same practice areas consistently rate an attorney at the top of their field, that says more than any marketing claim ever could. In bankruptcy and financial reorganization, where the stakes for clients are often enormous and the legal complexity runs deep, this kind of peer validation matters.
Why Does This Recognition Matter for Clients Facing Financial Distress?
When you are looking for legal counsel in a high-stakes financial matter, you want to know that the attorneys you are trusting have been vetted by the legal community itself. Not by a marketing agency. Not by an internal rating system. By other experienced attorneys who understand what it takes to handle these matters well.
Michael P. Richman brings more than four decades of experience in bankruptcy and litigation, having appeared in state and federal courts, including bankruptcy courts, across more than 20 states and territories. Claire Ann Richman brings her own substantial background in bankruptcy creditor/debtor rights and bankruptcy litigation and also serves as a chapter 7 panel trustee. Together, the Richman & Richman legal team bring more than 60 years of combined legal experience to every matter the firm handles. That depth of experience, combined with recognition from peers at a national level, gives their clients a meaningful benchmark when choosing representation.
How Our Firm Approaches Complex Legal Matters
The firm’s approach has always centered on finding workable solutions, whether that means negotiating outside of court or litigating when necessary. Richman & Richman represents a wide range of clients: individuals and farming families seeking relief from overwhelming debt, large and small businesses pursuing reorganization under Chapter 11, and trustees managing complex proceedings. The firm also handles commercial litigation and business disputes that often intersect with financial distress situations.
Bankruptcy law is not just about liquidation. For many businesses and individuals, it is a structured legal tool that can allow for reorganization, debt management, and a fresh start. Different chapters of the bankruptcy code serve very different purposes. Richman & Richman will help you sift through your options and choose those that work best for you.
Congratulations to Michael and Claire
Selection to The Best Lawyers in America® for the 33rd Edition reflects years of work, client dedication, and the kind of professional reputation that only comes from doing the job well, consistently, over time.
If you are facing a financial or legal challenge and want to speak with an attorney, we encourage you to reach out. An early consultation can make a difference in the options available to you. Contact us to schedule a consultation. We are here to help.
