Reid Collins & Tsai

What Reid Collins & Tsai does

Reid Collins & Tsai LLP is a boutique trial law firm specializing in complex commercial and financial disputes, founded in 2009 and headquartered in Austin, Texas. The firm operates from five U.S. offices — Austin, Dallas, New York, Washington D.C., and Wilmington — and handles matters nationally and internationally in federal and state courts. Its practice spans ten service areas including complex commercial litigation, legal and accounting malpractice, director and officer liability, fraudulent-transfer claims, bankruptcy and receivership litigation, cross-border and offshore insolvency, shareholder appraisal rights, whistleblower litigation, and sexual misconduct representation.

The firm serves corporations, hedge funds, offshore liquidators, bankruptcy trustees, and institutional and individual clients. Its core differentiator is a conflict-free positioning that enables it to take cases against Fortune 500 companies, Big Four accounting firms, AmLaw 200 law firms, and major banks — matters that larger institutional firms cannot pursue due to conflicts. The team includes former federal prosecutors, judicial law clerks, forensic accountants, and transactional attorneys, with multiple partners holding Band 1 Chambers rankings and recognition from Legal 500, Lawdragon, and Benchmark Litigation.

The firm's revenue model is primarily success-based, including full contingency fees, hybrid arrangements with fixed plus contingent components, and pre-suit fees on reduced contingency. Standard hourly billing is used selectively. Attorney compensation is publicly disclosed, with non-equity partner base compensation at $400,000 and associate tiers ranging from $225,000 to $325,000. The firm has recovered several billion dollars in judgments and settlements for clients, with notable outcomes including a $300M+ Renren derivative settlement, a $112M JW Aluminum jury verdict, and a $175M settlement from former Insys directors.

Name

Reid Collins & Tsai

Legal name

Reid Collins & Tsai LLP

Website

https://reidcollins.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Reid Collins & Tsai LLP is a boutique trial law firm specializing in complex commercial and bankruptcy litigation for corporations, hedge funds, trustees, and institutional clients across five U.S. offices, operating primarily on success-based fee arrangements.

Ownership category

akta.pro rank

Product category

Commercial Litigation Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH)

akta.pro secondary industries

Forensic Accounting & Fraud Investigations (BPAHANAH), Legal Collections Support (Pre-Lit, Litigation Admin, Judgment Recovery) (BPAAAEAH), Litigation & Dispute Valuation (damages, shareholder disputes) (FSAEAHAI)

Keywords

• Complex commercial litigation
• Bankruptcy litigation
• Shareholder derivative litigation
• Trial law firm
• Fraudulent transfer claims

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Success-Based/Fixed Fees: The firm primarily uses success-based fee arrangements, including full contingency fees, mixed/hybrid fees with monthly or quarterly flat/fixed fees plus contingency components, and pre-suit fees on reduced contingency basis. They also offer claims analysis for flat fees.
2. Hourly Billing (Limited): While the firm prefers success-based arrangements, they note that some cases may use standard hourly fee models when appropriate. Most engagements involve some form of success-based or contingent fee.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Reid Collins & Tsai is a boutique trial law firm that prosecutes complex commercial and financial disputes in federal and state courts across the United States and internationally. The firm represents corporations, hedge funds, offshore liquidators, trustees, and institutional clients in matters involving financial fraud, Ponzi scheme cases, bankruptcy and insolvency proceedings, fraudulent transfers, professional malpractice, director and officer liability, cross-border insolvency, and shareholder disputes. The firm primarily works on success-based and contingency fee arrangements.

Product overview

Reid Collins & Tsai is a boutique trial law firm offering a unified portfolio of legal services focused on complex commercial litigation. The firm provides legal representation across ten distinct practice areas, including complex commercial litigation, legal malpractice, accounting malpractice, director & officer liability, fraudulent-transfer claims, bankruptcy and receivership litigation, cross-border and offshore insolvency litigation, shareholder appraisal rights, whistleblower litigation, and sexual misconduct cases. These practice areas work together as an integrated legal service offering, with the firm emphasizing its ability to handle cases involving financial fraud, insolvency, and high-stakes disputes on behalf of corporations, hedge funds, trustees, and individual clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Complex Commercial Litigation Handles complex commercial disputes involving financial fraud, Ponzi scheme-related cases, and high-stakes business litigation nationally and internationally for corporations, hedge funds, trustees, and institutional clients.
• Legal Malpractice Prosecutes professional malpractice claims against law firms and attorneys on behalf of clients who suffered losses from negligent legal representation.
• Accounting Malpractice Handles professional malpractice claims against accounting firms and auditors, pursuing damages for clients harmed by negligent auditing or accounting services.
• Director & Officer Liability Litigates claims against corporate directors and officers for breach of fiduciary duty and other misconduct, typically on behalf of shareholders, bankruptcy estates, or other aggrieved parties.
• Fraudulent-Transfer Claims Pursues fraudulent transfer and conveyance actions to recover assets transferred in violation of bankruptcy law or to defraud creditors.
• Bankruptcy and Receivership Litigation Handles litigation arising from bankruptcy and receivership proceedings, including claims against trustees, liquidators, and recovery actions on behalf of bankruptcy estates.
• Cross-Border and Offshore Insolvency Litigation

Quantifiable outcome

• Recovered several billion dollars in judgments and settlements for clients
• +5 more outcomes

Named customers7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• ACLU of LouisianaminorOthersReid Collins & Tsai is part of the ACLU of Louisiana's Justice Lab initiative, a campaign to challenge racially discriminatory policing practices. This represents the firm's pro bono community involvement.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Susman Godfrey: Susman Godfrey is one of the most prominent commercial trial boutiques in the U.S., handling high-stakes complex commercial litigation on both plaintiff and defense sides. Comparable to Reid Collins in trial-readiness, complex case portfolio, and elite boutique positioning.
• Grant & Eisenhofer: Grant & Eisenhofer is a nationally recognized plaintiff boutique with a similar focus on shareholder derivative litigation, securities fraud, and complex commercial disputes. Highly comparable to Reid Collins's bankruptcy and corporate governance litigation work, especially derivative suits.
• Seeger Weiss: Seeger Weiss is a national plaintiff complex litigation boutique handling mass tort, securities, and commercial cases. Comparable to Reid Collins in plaintiff-side high-stakes complex litigation and contingency fee model.
• Lieff Cabraser Heimann & Bernstein: Lieff Cabraser is a leading national plaintiff boutique with broad complex litigation practice. Comparable to Reid Collins in plaintiff-side commercial litigation and contingency fee arrangements.
• Bernstein Litowitz Berger & Grossmann: BLBG is a leading plaintiff-side securities and shareholder litigation boutique with comparable expertise in derivative suits, securities fraud, and complex commercial cases. Often appears as co-counsel or opposing counsel in matters similar to Reid Collins's practice.
• Motley Rice: Motley Rice is a prominent plaintiff litigation firm handling complex commercial, securities, and mass tort matters on contingency. Comparable to Reid Collins in plaintiff-side complex litigation and contingency fee model.
• Kessler Topaz Meltzer & Check: Kessler Topaz is a premier plaintiff boutique handling securities class actions, shareholder derivative litigation, and complex commercial cases. Direct overlap with Reid Collins's shareholder derivative practice and high-stakes commercial litigation.
• Robbins Geller Rudman & Dowd: Robbins Geller is a leading securities class action boutique with deep experience in shareholder litigation. Comparable to Reid Collins in securities fraud, derivative, and complex commercial litigation, with similar contingency fee model.
• Scott+Scott: Scott+Scott is a complex litigation boutique focused on securities, antitrust, and consumer protection cases. Comparable to Reid Collins in handling high-stakes commercial disputes and class/derivative litigation on a contingency basis.
• Cohen Milstein Sellers & Toll: Cohen Milstein is a top plaintiff-side complex litigation boutique with practices in antitrust, securities, consumer protection, and human rights. Comparable to Reid Collins in plaintiff-side complex commercial work and contingency fee model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/reidcollinstsai
• Facebookfacebook.com/reidcollinstsai
• LinkedInlinkedin.com/company/reidcollins

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reid Collins & Tsai