William T. Reid IV

Reid Collins & Tsai - Texas

Partner

1301 S. Capital of Texas Highway
Building C, Suite 300
Austin, TX 78746

+1 512 647 6105

Litigation Star

Top 100 Trial Lawyers

English


Practice area:

Appellate
Commercial
Professional liability


William T. Reid, IV (“Bill”), the senior founding partner of Reid Collins & Tsai LLP, is widely recognized as one of the top business trial lawyers in the nation. His work has resulted in precedent-setting case law protecting investors and holding wrongdoers accountable while obtaining billions of dollars in recoveries for his clients.

A true trial lawyer, Bill developed his national reputation for successfully litigating complex commercial and financial cases in private practice after a remarkable run as a federal prosecutor. He has tried a wide range of civil and criminal matters to verdict before judges and juries in a career spanning four decades.

In leading Reid Collins to its position as one of the nation’s go-to plaintiff firms, Bill has prosecuted a broad array of international cases involving insolvency-related disputes, professional malpractice, business torts, fraud, and financial transactions. He has handled multiple high-stakes actions arising out of Ponzi schemes, illegal transactions, insider misconduct, and cross-border frauds, as well as fiduciary litigation and bad-faith insurance actions. Further, Bill has established the firm as an industry leader in professional malpractice claims, achieving numerous public (as well as confidential) multi-million-dollar settlements against law firms, accounting firms, and directors & officers.

Bill’s reputation is affirmed annually by all major industry publications. Among other honors, Benchmark named Bill the “U.S. Plaintiff Litigator of the Year” and in 2021 Law360 honored him as a “Titan of the Plaintiffs Bar,” one of only a handful of litigators in the nation so recognized.

In September 2025, he published Amazon Best Seller, “Fighting Bullies: The Case for a Career in Plaintiffs’ Law.”

Additionally, Bill is an Adjunct Professor at the University of Texas Law School, teaching a course he created called Complex Financial Litigation, which takes a case study approach to teaching commercial litigation practice to law students.

 

Updated Oct 2025

  • Represented Renren, Inc. minority shareholders in procuring a groundbreaking $300 million+ recovery — one of the largest cash settlements of a derivative action in history — from China-based insiders who attempted to pilfer the company’s billion-dollar investment portfolio. Overcoming major legal hurdles to obtain jurisdiction over foreign defendants and establish rare derivative standing under Cayman law, this precedent-setting case now provides significant protections in U.S. courts for investors damaged through cross border fraud, misconduct, and wrongdoing by foreign entities and related actors.

  • Represented a litigation trustee in winning a landmark decision before the U.S. Supreme Court, restricting the scope of the Bankruptcy Code’s section 546(e) “safe harbor” defense to fraudulent transfer claims. Overturning long-standing interpretations of that common defense by multiple circuit courts, the case has broad ramifications in future bankruptcy-related litigation.

  • Acting pro bono, Bill won an acquittal in a public corruption case on behalf of Olga Hernandez, a San Antonio grandmother and School Board member, wrongfully accused of bribery. In winning the Hernandez case, Bill achieved justice thwarting the misguided prosecution of an innocent citizen, in the process accomplishing what few trial lawyers achieve in their careers: jury trial wins on behalf of both civil plaintiffs and defendants and as a criminal prosecutor and a defense lawyer.

  • Represented a hedge fund client against Credit Suisse, obtaining fraud verdicts in 2014 jury trial and 2015 bench trial. Case arises from fraudulent inducement to invest in 2007 syndicated loan related to grossly overvalued Las Vegas development project. Case ongoing, after over a decade of litigation, including trial victories, and multiple wins on appeal.

  • Counsel to Bear Stearns funds asserting $500 million in legal malpractice claims against their former counsel, Reed Smith LLP. Due to Reed Smith’s failure to inform them prior to the expiration of the statute of limitation in bringing claims against various rating agencies for their well-established RMBS-related fraud, Bear Stearns’ claims against the rating agencies were dismissed as untimely. Settled on confidential terms.

  • B.A. Economics | B.S. Accounting - University of Connecticut, cum laude - 1989
  • J.D. - St. John’s University School of Law, cum laude - 1992

  • American Bar Association    
  • Fifth Circuit Bar Association

  • New York    
  • Texas    
  • United States District Court for the Eastern District of New York    
  • United States District Court for the Southern District of New York    
  • 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 Court of Appeals for the Second Circuit    
  • United States Court of Appeals for the Fifth Circuit