Lisa Tsai

Lisa Tsai is the Managing Partner and Co-Founder of Reid Collins & Tsai LLP.

Lisa has represented plaintiffs in a wide variety of complex business disputes, including financial fraud cases, professional liability actions, legal malpractice actions, fiduciary duty litigation, intellectual property litigation, and other corporate malfeasance and business tort disputes, obtaining hundreds of millions of dollars in recoveries for her clients.

Following lengthy jury and bench trials, Lisa obtained a Top 50 Verdict in the United States against global investment bank Credit Suisse for fraud, which was affirmed after several rounds of appeals.

Among her industry accolades, Lisa has been named a “Titan of the Plaintiffs Bar” by Law360; a “Leading Lawyer” by Chambers USA;  a “Plaintiffs Trailblazer” and “Elite Woman of the Plaintiffs Bar” by The National Law Journal;  a “Legend” and one of 500 Leading Lawyers in America more than 10 times by Lawdragon; and one of the Best Lawyers® in America.  

Lisa has been honored as a Pathfinder by the Travis County Women Lawyers’ Association and received the Judge Suzanne Covington Pro Bono Service Award for her work on behalf of domestic violence victims. She also devotes time to her alma mater law school, serving on the Board of Trustees of The University of Texas Law School Foundation, and mentoring first-year law students.

Lisa was the recipient of the Justice David Wellington Chew Award, the highest honor bestowed by the Asian Pacific Interest Section of the State Bar of Texas, which recognizes the outstanding achievements, commitment, and leadership of a lawyer who has paved the way for the advancement of other APA attorneys.

Following law school, Lisa served as a judicial law clerk in the United States District Court for the Southern District of Texas. Prior to founding the firm, Lisa was a partner at Diamond McCarthy and an associate at Latham & Watkins in Los Angeles.

Updated Sep 2025

• Representation of the Liquidating Trust for Edgio, Inc. in pursuing various business tort and professional negligence claims arising from the company’s bankruptcy and damages exceeding $100 million.  
  
  
• Representation of Otto Bock Healthcare North America in a $90 million legal malpractice lawsuit against Am Law 100 law firm Duane Morris arising from the law firm’s antitrust advice in connection with the acquisition of Freedom Innovations. Following fact discovery and expert reports, the parties successfully settled the dispute for a confidential amount.
  
  
• Representation of Carling O’Brien in a $40 million breach of contract and breach of fiduciary duty action against Emerald Lake Capital Management and her former partner Daniel Lukas and his affiliates. Following a two-week arbitration in Los Angeles, the Panel issued an Interim Decision in favor of O’Brien, and the parties settled the dispute for a confidential amount.
  
  
• Representation of retail investment funds that were defrauded into investing in a $540 million syndicated real estate loan arranged by Credit Suisse. After a three-week jury trial, a Dallas jury found by clear and convincing evidence that Credit Suisse fraudulently induced the funds and awarded $40 million, a Top 50 verdict in the United States that year. After several rounds of appeals, the Texas Supreme Court affirmed the jury’s fraud verdict.
  
  
• Representation of various funds in a fraud lawsuit against Royal Bank of Scotland and a legal malpractice lawsuit against AmLaw 100 law firm Orrick Herrington & Sutcliffe in connection with a $500 million collateralized debt obligation transaction. Both lawsuits were successfully settled for confidential amounts.

• Arbitration
• Bankruptcy
• Commercial disputes
• Plaintiff

• Banking
• Investment management
• Real estate

• J.D., with Honors, Order of the Coif - University of Texas School of Law - 2001
• A.B., Politics, with Highest Honors - Princeton University - 1998

• Member, Board of Trustees of The University of Texas Law School Foundation    
• Member, Board of the Texas Law Review Association    
• Advisor, Texas Law Mentoring Program Advisory Board    
• Past Chair, State Bar of Texas Asian Pacific Interest Section    
• Past Chair, Austin Bar Association Bench Bar Committee    
• Past President, Austin Asian American Bar Association    
• Past Vice Chair, City of Austin Ethics Review Commission    
• Past Board Secretary, Texas Fair Defense Project

• California - 2003
• Texas - 2004
• United States District Court for the Northern District of Texas    
• United States District Court for the Southern District of Texas    
• United States District Court for the Eastern District of Texas    
• United States District Court for the Western District of Texas    
• United States District Court for the Northern District of California    
• United States District Court for the Central District of California    
• United States District Court for the Southern District of California    
• Fifth Circuit Court of Appeals    
• Ninth Circuit Court of Appeals