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Reid Collins & Tsai LLP

United States 2025

Overview

Reid Collins & Tsai LLP (Reid Collins) is a trial boutique handling complex commercial litigation, particularly claims arising out of financial fraud. Key clients include hedge funds, corporations, offshore liquidators, and bankruptcy trustees.

Reid Collins has extensive experience with high-profile cases involving large-scale financial fraud or insolvency. The firm has expertise in successfully pursuing claims against officers, directors, accountant, lawyers, and investment banks relating to the underlying fraud or misconduct and the willingness to pursue those claims on an alternative fee basis.

Size:
39
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Practice Areas:
9
Person outline with Best Lawyers logo
Best Lawyers Recognized:
3

Rankings

National

Tier
3
National Ranking
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Tier
3
National Ranking
Litigation - Bankruptcy

Regional

Dallas/Fort Worth

Tier
1
Dallas/Fort Worth
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Tier
1
Dallas/Fort Worth
Commercial Litigation
Tier
1
Dallas/Fort Worth
Litigation - Bankruptcy

New York City

Tier
1
New York City
Litigation - Bankruptcy
Tier
3
New York City
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

About Our Clients

Reid Collins & Tsai LLP's key clients include hedge funds, corporations, offshore liquidators, and bankruptcy trustees.

Highlighted Client Comments

These featured testimonials reflect a sampling of client experiences. As every legal matter is unique—comments are personal opinions, not guarantees of future results.
Litigation - Bankruptcy
Reid Collins & Tsai is among the very best firms I have worked with as a trust fiduciary handling complex litigation. The Reid Collins & Tsai team is smart, aggressive, strategic, and plays to win.
Dean Ziehl
Partner/Chairman – Adelphia Recovery Trustc/o Pachulski Stang Ziehl & Jones LLP
Litigation - Bankruptcy
There really is not a better pure litigation shop in the business. Reid Collins & Tsai has gotten incredible results in landmark cases and in cases that have not made the headlines. What I find most impressive about them (and I have worked with Eric Madden and Bill Reid) is the way they handle the cases - firm grasp of the facts and the law and an unmitigated intent to litigate the case if necessary, but they don't let the academic arguments on the merits impact their practical judgment regarding whether a settlement is best for a client. I would not hesitate to recommend them for any sophisticated litigation matter.
Michael Nestor
Young Conaway Stargatt & Taylor, LLP
Litigation - Bankruptcy
Reid Collins & Tsai is a great firm. They are cutting-edge; their litigators are smart, effective, and know their business. They demonstrate expertise in Litigation-Bankruptcy and complex Commercial Litigation. They are a pleasure to work with.
 
Litigation - Bankruptcy
Reid Collins & Tsai has excellent litigators, who get high dollar results for their clients. Eric Madden has been particularly impressive, both in terms of substantive analysis, and the practical steps to achieve the best result for his clients.
 
Litigation - Bankruptcy
The team at Reid Collins & Tsai is world class when it comes to pursuing estate retained causes of action on behalf of creditors and trustees. Their experience enables them to quickly assess the situation and determine the most efficient and effective path forward. Reid Collins is our go-to law firm for the most difficult and challenging cases.
Eric Wilson
Partner – Kelley Drye

Rankings

National

Tier
3
National Ranking
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Tier
3
National Ranking
Litigation - Bankruptcy

Regional

Dallas/Fort Worth

Tier
1
Dallas/Fort Worth
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Tier
1
Dallas/Fort Worth
Commercial Litigation
Tier
1
Dallas/Fort Worth
Litigation - Bankruptcy

New York City

Tier
1
New York City
Litigation - Bankruptcy
Tier
3
New York City
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Practice Areas

Reid Collins & Tsai LLP has been ranked by Best Law Firms for excellence in 3 specialties, reflecting the firm's commitment to delivering outstanding legal services.
Additionally, the firm provides services in these practice areas:
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Commercial Litigation
  • Litigation - Bankruptcy
  • Litigation - Securities
  • Private Funds / Hedge Funds Law
  • Product Liability Litigation - Plaintiffs
  • Professional Malpractice Law
  • Professional Malpractice Law - Plaintiffs
  • Qui Tam Law

Individuals Recognized in The Best Lawyers in America®

Reid Collins & Tsai LLP proudly has 3 lawyers recognized for their outstanding professional performance in the 2025 edition of The Best Lawyers in America®. This peer-reviewed honor highlights individual excellence and directly qualifies the firm for consideration in the prestigious Best Law Firms rankings. For over four decades, Best Lawyers has been the gold standard for recognizing top legal talent, serving as the cornerstone for Best Law Firms awards. Learn more about our rigorous Best Lawyers research and selection process.
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Client Comments

A strong relationship between a client and their law firm is key to achieving the best possible outcomes. Open communication, trust, and collaboration ensure that attorneys understand each client’s unique goals and needs. Choosing the right firm means finding a team with the experience, knowledge, and dedication to guide you through every stage of the legal process.
Client comments reflect personal opinions and individual experiences. Every case is different, and outcomes depend on specific facts and circumstances. Past results and testimonials do not guarantee similar outcomes in future matters. For personalized legal advice, consult directly with an experienced attorney who can evaluate your specific situation and provide tailored guidance.
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Offices & Contacts

Austin, TX
Building C, Suite 300
1301 South Capital of Texas Highway
Austin, TX 78746
United States
Washington, DC
New York, NY
420 Lexington Avenue, Suite 2731
New York, NY 10170
United States
Dallas, TX
Thanksgiving Tower, Suite 4200
1601 Elm Street
Dallas, TX 75201
United States

Significant Matters

Won a $287.5 million judgment (which was later affirmed on appeal) for Highland Capital against Credit Suisse following a five-week trial on fraud and breach of contract claims related to a $540 million loan to the developers of the Lake Las Vegas resort.

Achieved a $63 million settlement to resolve claims by the Commonwealth of Virginia under the Virginia Fraud Against Taxpayers Act against several large banks related to fraudulent misrepresentations in the sale of residential mortgage-backed securities to the Commonwealth’s retirement system.

Won a landmark decision before the U.S. Supreme Court, restricting the scope of the section 546(e) “safe harbor” defense to fraudulent transfer claims, and thereby overturning long-standing and expansive interpretations of that defense by five circuit courts.

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