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The RCT Legal Team

Austin Dallas New York Washington, D.C.

A new podcast from LawClerk features an illuminating interview with Reid Collins & Tsai founder Bill Reid.

Reid is featured in the second episode of the podcast, The Successful Business and Practice of Law, discussing highlights from his career and insights on running a successful litigation boutique, including billing and compensation structures.
“Some lawyers have the view that suing a lawyer is somehow beneath us,” says Reid in the candid interview. “I had the opposite view, I think people make mistakes whether they’re lawyers or directors of companies or accountants. So one of the national calling cards we have wasn’t born out of some savvy, ‘hey we want to be legal malpractice lawyers.’ It was more born out of the fact that no one else would do them.”
Listen to the podcast here

REID COLLINS LAWYERS NAMED TO 2021 BEST LAWYERS IN AMERICA

Reid Collins would like to congratulate P. Jason Collins, Eric D. Madden, William T. Reid IV, and Lisa S. Tsai for being named to the list of 2021 Best Lawyers in America. Selection to this group is based on an exhaustive peer-review evaluation. The methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.

REID COLLINS LAWYERS NAMED TO 2021 BEST LAWYERS: ONES TO WATCH

Reid Collins is pleased to announce that Jason A. Cairns, Leo Oppenheimer, Scott D. Saldaña, and Jeremy Wells were included in the inaugural edition of the Best Lawyers: Ones to Watch for their work in Commercial Litigation. Ones to Watch recognizes associates and other lawyers who are earlier in their careers for their outstanding professional excellence in private practice in the United States.

REID COLLINS PARTNERS RECOGNIZED AS BANKRUPTCY LAWDRAGONS

Reid Collins is pleased to announce that Eric Madden and Bill Reid have been named to Lawdragon’s inaugural lists of the top 500 Leading Global Restructuring & Insolvency Lawyers and the top 500 Leading U.S. Bankruptcy & Restructuring Lawyers. These lawyers, “who dazzle with their mastery of finance, dispute resolution and litigation strategy under extreme duress,” were selected through a combination of journalistic research, law firm submissions, and editorial vetting from a board of legal peers.
The lists are available here and here.

Reid Collins Defeats Motion to Dismiss in $300 Million Legal Malpractice Claim Against Brown Rudnick

On July 28, 2020, the U.S. District Court for the Southern District of New York denied Brown Rudnick’s motion to dismiss a $300 million legal malpractice claim filed by the Litigation Trust for Lyondell Chemical Company. The Trust alleged that Brown Rudnick committed malpractice in its representation of the Trust when it botched the prosecution of a $300 million preference claim. Brown Rudnick moved to dismiss the complaint by arguing that its alleged failings were “strategy calls” and that any negligence on its part did not cause the Trust to lose the preference claim. The court rejected each of Brown Rudnick’s arguments. In so doing, the court held: “Considering the [amended complaint]’s allegations alongside Brown Rudnick’s proffered reasons for its litigation choices, there are, at minimum, questions of fact as to whether Brown Rudnick deliberately made such choices and whether those choices were reasonable.” The case will now proceed to discovery.
See order here.

The attorney responsible for this website is William T. Reid, IV

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