Reid Collins & Tsai

I'll research the firm's public profile before drafting.

Let me verify whether the firm has any actual patent-specific practice or PTAB presence.

Reid Collins & Tsai LLP — Patent Litigation Practice Summary

Firm overview. Reid Collins & Tsai LLP (also styled "Reid Collins") is a Dallas/Austin-rooted trial boutique founded in 2009 by William T. Reid IV, P. Jason Collins, and Lisa S. Tsai, all formerly of Diamond McCarthy. It is headquartered at 1301 S. Capital of Texas Hwy, Building C, Austin, Texas, and maintains five U.S. offices — Austin, Dallas, New York, Washington, D.C., and Wilmington, Delaware (Vault; Legal 500; Benchmark Litigation). U.S. News lists roughly 40 lawyers and 23 partners, which places it squarely in the litigation-boutique tier rather than BigLaw, though Vault has recognized it on its "Top 150 Under 150" list. Benchmark Litigation has repeatedly named it a national "Top Boutique" and one of only a handful of firms on its "Top Plaintiff" list, with a "Highly Recommended" Texas ranking, and named it U.S. Bankruptcy Firm of the Year in 2025. It is not ranked in Chambers or AmLaw for patent work.

IP litigation specialty — this is not a patent firm. Publicly available descriptions of the firm's practice center on financial fraud, Ponzi-scheme and insolvency litigation, cross-border disputes, professional liability, and bankruptcy/trustee recoveries — not patent prosecution or patent enforcement. There is no evidence of a Wi-Fi/standards-essential, pharmaceutical, semiconductor, software, or mechanical patent practice group, and no firm-published technology-area IP capability of that kind. What IP work exists is limited "soft IP": an of-counsel attorney in Washington, D.C. handles copyright, trademark, anti-piracy and anti-counterfeiting enforcement, and at least one Austin partner lists trademark, trade secret, and IP-infringement matters as part of a broader commercial docket. The single tracked appearance in our dataset (plaintiff side, Nathaniel J. Palmer as counsel) is recorded without a case name, so it cannot be characterized as a patent case from the data provided; it should not be read as establishing a patent capability.

Side preference. Firm-side and publicly reported positioning is overwhelmingly plaintiff-side. Of the one tracked appearance, 1 is plaintiff and 0 are defendant, and the firm's own client roster — litigation trustees, offshore liquidators, hedge funds, creditor committees, and defrauded investors — confirms that orientation. Its fee model (contingency, partial contingency, and success-fee arrangements) reinforces a claimant-side posture. Benchmark describes it as "a litigation boutique with a plaintiff-side ethos." Notably, this is not the NPE/PAE model: the firm prosecutes fraud, fiduciary-duty, and avoidance claims, not patent infringement claims.

Notable cases or outcomes. The firm's headline results are financial-liability matters, not patent matters. Best known is the Credit Suisse litigation arising from a $540 million syndicated real estate loan: a 2014 Dallas jury verdict (a Top 50 U.S. verdict that year) followed by a 2015 bench trial, with a fraud judgment (reported at $64.7 million) upheld after multiple appeals and affirmed by the Texas Supreme Court; Palmer developed the theories behind those judgments. Other prominent results include a $300 million-plus recovery for Renren, Inc. minority shareholders (described by the firm as one of the largest cash derivative settlements), a $175 million settlement with Insys Therapeutics' outside directors as part of $300 million-plus in aggregate Insys Liquidation Trust recoveries, roughly $91.3 million in gross recoveries for the GWG Litigation Trust, and a settled $90 million legal malpractice action (Otto Bock Healthcare v. Duane Morris). None of these are patent disputes and none produced a Federal Circuit appeal.

PTAB / IPR practice and key partners. There is no public evidence — in firm materials, PTAB statistics, or trade press — of a PTAB/IPR/PGR filing or defense practice at this firm, and no verified IPR volume to report. On the IP-adjacent side, the individuals with relevant credentials are Lisa S. Tsai (managing partner and co-founder; lists intellectual property litigation among her practice areas; sits on the Texas Law Review Association board), William T. Reid IV (co-founder, first-chair trial lawyer, firm-wide commercial practice head), Eric D. Madden (Dallas; Benchmark "Bankruptcy Litigator of the Year," 2025), and Nathaniel J. Palmer (the attorney tied to the tracked appearance; Benchmark "Future Star" and 40 & Under honoree, but a commercial/fraud/legal-malpractice lawyer by practice description, not a registered patent practitioner). A New York partner, Tarek Saad, is listed by the third-party aggregator RocketReach with "Patents / Patent Litigation" skills and prior time at Crowell & Moring and Squire Patton Boggs; this is a low-reliability data source and could not be corroborated against the firm's website, so treat it as unverified. Bottom line for diligence purposes: Reid Collins is a highly regarded plaintiff-side complex commercial and bankruptcy trial boutique whose patent litigation footprint, on the available evidence, is incidental rather than a practice area.