John B. Palmer

Partner

Overview

John B. Palmer III is a partner and business lawyer with Foley & Lardner LLP where he is chair of the firm’s Taxation Practice. His practice focuses on federal income tax matters, with special emphasis on corporate taxation, partnerships and limited liability companies, and tax accounting issues. Mr. Palmer also represents corporate and wealthy individual clients before the Internal Revenue Service and state taxing authorities and in federal and state administrative and judicial forums. His clients include investment management, venture capital, and private equity firms, whom he advises on formation issues, the structuring of equity interests, restructurings and equity financings, and mergers and acquisitions.

Representative Experience

  • Advising the Ricketts family on tax issues involved in the leveraged partnership acquisition of the Chicago Cubs Major League Baseball Club.
  • Advising the Chuck Greenberg/Nolan Ryan team in connection with the successful purchase of the Texas Rangers Major League Baseball Club.
  • Advising Guggenheim Baseball Management in connection with its successful purchase of the Los Angeles Dodgers.

Affiliations

Mr. Palmer teaches tax accounting as an adjunct professor at IIT/Chicago-Kent College of Law for the Masters of Tax program. He is a frequent speaker and author on a wide variety of tax issues and is a member of the partnership committee of the American Bar Association Section of Taxation.

Recognitions

Mr. Palmer has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system and has been selected by his peers for inclusion in The Best Lawyers in America© since 2007 in the area of tax law.* In 2011, 2013 and 2014, he was recognized by the Legal 500 for his work in domestic tax: central and was also selected for inclusion in the 2006-2016 Illinois Super Lawyers® lists.*

Education

A graduate of the University of Michigan Law School (J.D., magna cum laude, Michigan Law Review, 1977), Mr. Palmer received his bachelor's degree from Michigan State University (B.A., high honors, 1974).

Admissions

Mr. Palmer is admitted to practice in Illinois and before the U.S. Tax Court, the Court of Federal Claims, and the Court of Appeals for the Federal Circuit.

*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.

Representative Matters

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Foley represented South Shore Dermatology, a Boston-based dermatology practice in the recapitalization of the practice by PhyNet Dermatology.
Foley represented The Dermatology Group, a New Jersey based dermatology practice in the recapitalization of the practice by Riverside Companies.
Foley represented Healthcare Partners Investment, an Oklahoma City based hospital company, in the recapitalization of HPI by United Surgical Partners, Inc.