Latest / The Jon and Marc Podcast / You Either Compete, Get Bought, or Die: The New Reality of PI Law
Transcript
- 0:00Their big elephant in the room is the Wall Street money coming
- 0:02in and changing our business. How do you survive in a world
- 0:05where all this mass marketing money comes in like 5 Morgan and
- 0:09Morgan's come into your town. The only way to survive is to
- 0:12build a brand outside of our area.
- 0:14People don't know quotas go and sale.
- 0:16They can't spell it and definitely can't remember it.
- 0:19So putting out on a billboard or something else, it's just like
- 0:21everybody else. You can be efficient as you can,
- 0:23but if you don't have the brain, you're not going to be able to
- 0:25stop these monsters coming in. Welcome to the John and Mark
- 0:44podcast. Today we are joined by Michael
- 0:46Sale. He is the Co founder, Co
- 0:49founder, Co founder of Cordisco and Sale.
- 0:51Managing partner and trial attorney.
- 0:54So yeah, I'm still wearing those three hats.
- 0:56They are located in Bucks County just outside of Philadelphia.
- 0:59I've had the pleasure of working with Michael since, gosh,
- 1:022021-2022, somewhere around there.
- 1:05I've watched the firm grow. We're going to talk a lot about
- 1:08the growth that his firm has gone through, how they've
- 1:10achieved it. Thanks for joining us, Mike.
- 1:12Thanks, great to be here. I think the first time we
- 1:15actually met was at NTL in Miami.
- 1:18We did for so years ago. I remember talking to you and
- 1:22you're telling us about your partner and how the firm was
- 1:25going through an evolution and how you really wanted to grow
- 1:28and you wanted to put together a strategy that got you guys to
- 1:31the next level. Your partner John has been part
- 1:35of the firm since the beginning, but he's also known in the local
- 1:38area, right? And that's how kind of he he got
- 1:41his local notoriety. How has that helped the firm?
- 1:45Grow. So yes, we're about 10 years
- 1:47this July. June will be our 10th
- 1:49anniversary together. John was a local politician,
- 1:52kind of. He was in the State House when
- 1:54he was 21 in Pennsylvania, and then was a Democratic Party
- 1:57chairman for 25 years. Wow.
- 1:59I didn't know him before. We ran into each other at the
- 2:02gym. I met my wife at the gym too.
- 2:03Just things happen when you spend 2 hours a day or an hour
- 2:06and a half a day there, things happen at the gym.
- 2:08So anyway, I met him. We had lunch together.
- 2:10Starting hitting it off because I was into grassroots marketing.
- 2:13I was always an entrepreneur at that time, like my ideas.
- 2:15But he worked for a bigger law firm with like 80 lawyers and
- 2:19although he brought the most money in, like big bank accounts
- 2:21and stuff, they didn't get benefits or get paid on non Pi
- 2:25work that they brought into the firm.
- 2:26So he was like, I don't know what I want to do.
- 2:28And then we hit it off and it was kind of a guy you go into a
- 2:31bank with 10 people, come up and shake his hand.
- 2:33So I figured if I could take my grassroots marketing knowledge
- 2:35with low budget, at the time I was working with my father who's
- 2:38an estate planner, you know, by the hour work, we didn't have a
- 2:41big budget. So if I took my knowledge and
- 2:44marketing at that time, you know, I was doing videos in my
- 2:46basement, green screens and all that all by myself. 10 years
- 2:49ago. Yeah, 12 years ago. 12 years
- 2:51ago, 12 years, you're heading the curve.
- 2:52At that point, I figured if I could take my knowledge and
- 2:55energy to him and his energy too, with somebody that's
- 2:59locally famous, we can hit it off.
- 3:01And we've grown. We've grown a lot in the last
- 3:03few years. You know, we had COVID in the
- 3:05middle and you know, different hiccups and you know, things as
- 3:09you grow and, and progress. But I think in the last two
- 3:12years, we've grown almost 300% with new cases probably growing
- 3:17about 200% or maybe 100% in revenue because it takes a while
- 3:20to get that coming in a little delay growing, scaling, We're
- 3:23hiring like crazy. Things are good right now.
- 3:25It's just managing that there's steps, money wise, staffing,
- 3:29making sure the client experience is there the whole
- 3:31time. Mike is one of the more
- 3:33aggressive managing partners and firm owners that we've
- 3:37encountered. He frequently will reach out and
- 3:39ask a question about something we'll get on a call and he'll be
- 3:42diving into. You'll be diving into the
- 3:44specific metrics that are relevant.
- 3:46You know, you talk about expansion.
- 3:47We had a strategic conversation about how you expand out
- 3:51locally. You've done a great job taking
- 3:53the firm from its origin with a partner who is, you know,
- 3:58ingrained in the community. And now you're a next level
- 4:00firm. You're one of the top firms in
- 4:02your area. You're a podcast host.
- 4:04You you haven't abandoned the things that, you know, you
- 4:06talked about doing 12 or so years ago.
- 4:08You've just expanded on them and made them.
- 4:11Modern yeah, just started with the just the two of us and then
- 4:14brought over somebody else and now we just hired 3 lawyers this
- 4:18month, one of them being my wife.
- 4:19But, you know, we we're actually.
- 4:20Great hire, yeah. She always wanted to come tough.
- 4:23Negotiator. She was a criminal defense
- 4:26attorney and running from court to court to court and then
- 4:29realized looking at my associates, if they work hard
- 4:31and do well, they can make a lot of money.
- 4:34So she's here. Finally, we have a woman
- 4:35attorney there to break up these four or five men that are there.
- 4:39So everything's good. Culture is good.
- 4:41We've been growing that with new hires and keeping an eye on
- 4:43that. But you know, so far so good.
- 4:45And every month's a new adventure.
- 4:47One of the things I was always impressed about you is I've had
- 4:50many conversations of the years where John will be surprised
- 4:53that you bring new marketing trends to him.
- 4:56You are on top of everything that's going on.
- 4:58So like how do you balance that of staying on top of upcoming
- 5:02things while running the entire firm?
- 5:04That's always the equation, right?
- 5:05So a few years ago we had an office manager, kind of case
- 5:09manager take over. An idea was that John and I had
- 5:12because it came from some coaching ideas we had.
- 5:14And it was like, OK, now Mike, you can become the trial lawyer
- 5:17and do more cases because at that time we're really starting
- 5:20to get on some multi $1,000,000 cases.
- 5:22I was running them with John supervision and he's like, oh,
- 5:25now we can be more of a trial lawyer.
- 5:26And then for me, I had all these ideas pent up over years that
- 5:30finally when I had this person's take over operations, now I got
- 5:33to all the different things I couldn't get to over the years.
- 5:36But to answer your question is, you know, it's constantly
- 5:38staying in the right frame of mind coming to conferences like
- 5:41this. That's all I met John like he
- 5:43was speaking here, I don't know, 2021, maybe something like that.
- 5:47And I think you just filled in for somebody that cancelled, if
- 5:50I remember. I do remember that actually.
- 5:52I forgot about that story. There was someone whose flight
- 5:54got cancelled and they had me jump in and present and I had
- 5:57basically nothing prepared. I whipped up a presentation
- 6:00deck. Sounds familiar.
- 6:01Got on stage. And he killed it.
- 6:03And I'm like this guy knows what he's talking about because we
- 6:05went through and SEO companies, you know, every 3-4 years you're
- 6:09maybe looking for a change depending on the market's tough
- 6:12googles up and down. You guys have no control over
- 6:14it. You do your best.
- 6:15And then you got crazy stuff like AI moving and LLMS and all
- 6:18that kind of stuff. So, you know, moving forward,
- 6:21it's new adventure, but going to conference is being part of
- 6:23coaching groups, being part of masterminds, do all that.
- 6:26And that feeds my brain. So I could be the visionary of
- 6:29the firm, but at the same time I'm growing.
- 6:31So I still love handling cases, I still love doing depositions
- 6:34at times, just not too much of that because that becomes very
- 6:36stressful and takes me away from the leadership part of the firm.
- 6:39It's a balance. How much caseload do you allow
- 6:41yourself to be involved with? Every month I try to thin it
- 6:44down and thin it down. But like I had a case last year,
- 6:47we just resolved it. It was 26 depositions I had to
- 6:50take. Thank God for video and zoomed
- 6:53positions because in the old days we'd have to go to a room
- 6:55like this to. Travel.
- 6:56Camera all these people and travel now we're able to do
- 7:00that. So I just finished two monster
- 7:02cases multimillion dollar resolutions.
- 7:05One was set for trial next week. Thank God it's settled.
- 7:07I booked this just in case it's and thankfully I looked at my
- 7:11room bill today. You know, it was the last room
- 7:13we could get, so it was very expensive.
- 7:15You resolved those two cases, but you also wound up getting a
- 7:20case from the nursing home explosion.
- 7:23I remember it was in Bucks County a couple weeks ago and I
- 7:26remember seeing it on the news and it said Bucks County nursing
- 7:28home explosion. So I immediately Google it to
- 7:30see how close it is. Your office.
- 7:32I'm like, I bet you this is relevant to to their firm.
- 7:35And next thing I know, I hear you guys wound up signing up the
- 7:38case. A lot of firms look at those big
- 7:40catastrophic events and they think like, OK, let me talk to
- 7:43my marketing agency. How do I get one of those cases
- 7:45when those things happen? How did you wind up getting that
- 7:48case? So you have like 10 of them,
- 7:49right? We have probably over 12, but
- 7:52there was 3 deaths. Unfortunately and thankfully, we
- 7:55have one of the deaths of the nurse and it comes from
- 7:57relationships in the community. Another business owner that knew
- 8:01them brought them over to us, and they're a really nice family
- 8:04from Kenya. So they took a little while to
- 8:06get settled in. And then actually John and I
- 8:09went to the funeral last week and it was just a beautiful
- 8:11celebration of life. But what that allows us to do is
- 8:14get to know that person. You know, we're watching all of
- 8:16these speeches and memories and everyone talking how great this
- 8:20nurse is, but now we can actually feel her.
- 8:22So when we're fighting for her, we now have a person, not just a
- 8:25name, and we can really feel in our hearts.
- 8:28So that really energizes John and us to do that kind of thing.
- 8:31So it was snowing that day too, but it was well spent going out
- 8:34there last Saturday and spending three hours and before even mass
- 8:37started and they were just giving speeches about how
- 8:39wonderful this person was. So we got that case and then
- 8:42another cases kept coming in, but it was the same day we had
- 8:46our Christmas, my lunch for our staff.
- 8:47I get home, it was about 4:00 because we had lunch earlier.
- 8:50I'm looking on TV about this horrible explosion and then
- 8:53everyone behind on TV from the governor to the local
- 8:57politicians to the local agencies, they're all my
- 9:00partner, John's friends. I'm like John, there's everybody
- 9:02U there. So we put a page U.
- 9:04We were trying to be respectful to the families.
- 9:07We didn't really want to go overboard.
- 9:08It's a fine line. You got to like balance on those
- 9:11local events and they just happened.
- 9:13We saw some other attorneys like really putting stuff out there
- 9:15and we're like, should we do it? Let's do it in a tasteful way
- 9:18and, and try to be a source of information and help since we
- 9:21have connections in the local community.
- 9:23And it turned into, you know, 1314 cases now and hopefully
- 9:27working on getting one of the other death cases now.
- 9:29So we'll see how that works. And then that means we'll be
- 9:31leading the litigation, which is even more interesting because we
- 9:34have the majority of the cases. After the the first case wound
- 9:37up getting signed up, but what type of local press did you wind
- 9:40up doing or coverage did you get and how did that help?
- 9:42The local newspapers are familiar with our firm, so they
- 9:46were running constant stories on that.
- 9:47I came back from a trip between the holidays and the next
- 9:51morning. John's OK.
- 9:52I want all the attorneys dressed up.
- 9:54We're going to meet with his family.
- 9:55So we came in and did that. Then the next day the register
- 9:58will was there. But after that, we filed the
- 10:00lawsuit as quick as we could. We were not the first people to
- 10:03file the lawsuit. There's other firms that did
- 10:04that, but once that filed, they want to do story after story.
- 10:08And I actually had to, I went out to a nursing home, met some
- 10:10clients and they actually want to interview them.
- 10:12And we're still waiting for our online interview or an in person
- 10:16interview. But you know, our name got
- 10:18circulated and circulated and then putting out press releases
- 10:20and things like that really helped out.
- 10:22So a lot of new inbound links for the team.
- 10:24Yeah. Always thinking with that SEO
- 10:26mindset. You have to for the team, yeah.
- 10:29Is that a new type of case for you?
- 10:32Have you done explosion cases? We have done nursing, we have
- 10:35not. We do nursing home.
- 10:36Just regular negligence. They don't blow up all the time.
- 10:39No, thankfully no. Then this one was completely
- 10:42avoidable from what we can see. I mean, the guest company was
- 10:45there 2-3 hours before they exploded and everybody knows you
- 10:50have to evacuate, right? You have all these people, half
- 10:53of them in wheelchairs, some of them have dementia and
- 10:55Alzheimer's referred, not very mobile.
- 10:58And they just left them there. And frankly, right before the
- 11:00explosion, our clients are telling us that the staff said,
- 11:03it's OK now you can go back to your room, everything's safe.
- 11:05And then 10 minutes later, boom, they're a hole in another world.
- 11:08And they're, they're shell shocks, though.
- 11:10I went to a few other nursing homes because they got
- 11:12dispersed. Obviously there's over 100
- 11:14people there in different other nursing homes in the area.
- 11:18And when I met these people, they were like, our family's
- 11:20gone. Like some of them don't have
- 11:22family. Some of them are strange from
- 11:23their family. Some of them are in their 50s,
- 11:25young, some of them are older. And they're like everyone we
- 11:27know is now spread out and we're all by ourselves.
- 11:29And the one lady I spoke was like, as soon as you leave, I'm.
- 11:32I moved, had to move my bed next to the window so I can look
- 11:35outside because I feel like this is going to explode again.
- 11:38And soon as you leave, that's all I'm going to think about
- 11:40till I fall asleep. It's really touching.
- 11:41If not, thank God we have never been in those experiences.
- 11:44But if you are like, it's a whole nother world afterwards
- 11:48and, you know, and then you feel for the soldiers and all who've
- 11:50been through all this, it's. It's difficult.
- 11:53Yeah. Aside from the relationships
- 11:56that John had right or has right, with all the people who
- 11:59you said we're standing in the background, what other types of
- 12:01local community engagement have you done that you think
- 12:04contributed to your brand being one of the first to come to mind
- 12:09when an event like that happens? Throughout the spring, summer
- 12:12and fall, we try to go to as many community events as we can.
- 12:15We have a tent, we give away things, we get to know the
- 12:18people. But just basically being
- 12:20entrenched in the community. Every person that asked me to
- 12:22sponsor their team, something like that, We sponsor probably
- 12:2650 or more teams this year just to get in the community.
- 12:28I used to have a theory, if I'm not involved, why should I
- 12:31sponsor A-Team? But in reality, just getting our
- 12:33name out there and letting the community know that we're here
- 12:35and we care for them. You know, people tell us that
- 12:37they've heard of us, they've seen us on TV, we used to do
- 12:39local cable TV. But beyond that, even our new
- 12:42hires, they're like, Oh, well, we've heard you have the best
- 12:44reputation for this or that that, and we try to put that out
- 12:47there social media and just staying involved and staying
- 12:50somewhat visible locally. As someone who's so focused on
- 12:54tracking and numbers as an accountant, formally right?
- 12:59Counting major. Counting major.
- 13:01I knew I didn't want to be an accountant, so I went to law
- 13:03school. How do you attribute value to
- 13:07these things that are not trackable?
- 13:09Branding in general is not really trackable.
- 13:12It's one of those things that you just have overall feel now,
- 13:15I think like, I don't know, 5-10 years ago we all got so excited
- 13:18about tracking digital marketing or PPC, you know, direct lead
- 13:22attribution. Guilty.
- 13:24Yeah, we're we are. We are screaming from the
- 13:27rooftops the past four years and we're kind of chilling.
- 13:29Out now and now you realize that it's a multi touch thing you
- 13:32know somebody said maybe there's less than 3% of people out there
- 13:36that actually need a lawyer when you know that been in an
- 13:38accident. So you're really marketing to
- 13:41them with direct marketing like LSASPPC, hopefully good SEO, but
- 13:47the rest of it is just marketing to this 97% other people and
- 13:52just getting letting them know that you're good guys, that
- 13:54you're here to help, that you do good things in the community.
- 13:57You know, you're the power player in your area.
- 13:59And if you have great customer service, hopefully, hopefully
- 14:03when they see your name, if they're doing that search
- 14:05because you're at the top, you know, with good SEO and other
- 14:08things at that time, they're going to remember your name and
- 14:11that kind of all works together. So it's really hard to to
- 14:14measure any of that stuff. But overall it's doing good for
- 14:17our community, doing good for the firm.
- 14:19We're always here to help. I mean, we have people call all
- 14:21the time with other legal issues.
- 14:23We're always try to help them, push them in the right
- 14:24direction. We can't answer all their
- 14:26questions, like if somebody called about estates or, or
- 14:28family law or something, but we send them somewhere.
- 14:31We always help everyone that calls and one of the great
- 14:34things is that our intake team, Barbara, she's the our main
- 14:37person. She actually gets more reviews
- 14:39than anybody else in the firm, mostly from people that she sent
- 14:43somewhere else and has helped. And I think that creates
- 14:45goodwill everywhere. She's not allowed to get reviews
- 14:48from the new clients because that's for the paralegals to
- 14:50get, but she actually gets she gets them from the people that
- 14:53we turn away, which is interesting.
- 14:54That's such a good point. If I think about a lot of law
- 14:57firms intake departments, I don't know if a lot of them are
- 15:00taking the time to. Refer them to to a place where
- 15:04they can't help them. A lot of times there's some we
- 15:05can't help you and they're decline to call.
- 15:07Put a little extra effort in. That extra goodwill you can get
- 15:11can go a long way to compound over time.
- 15:14People are looking for help and it's like whether you can help
- 15:16them or not, I think. It takes so much for a person
- 15:18that has nothing to do in their life with legal that's never
- 15:22talked to. A lawyer maybe doesn't have
- 15:24anybody in their family lawyer, just a call.
- 15:26It's so brave for them to do that and research you and
- 15:28finally make the decision. I'm going to call about this
- 15:31issue because we're all busy in life and has to be that
- 15:34important to them to actually research and make a call.
- 15:37So we want to make sure just the legal community in general that
- 15:39we're willing to help. We're going to do something.
- 15:41You're not just a number, you're just somebody that we need to
- 15:44send somewhere else and we're going to give them our
- 15:45relationship and share with them so that you know they're in a
- 15:48better place when they leave. That is a actually an incredible
- 15:52piece of tactical advice. We get asked all the time, how
- 15:55do I get more reviews with firms that we work with where they're
- 15:58doing a good job getting reviews from people who are actually
- 16:00signing up with the firm, but it's still maybe not enough to
- 16:02be competitive with people who are getting more reviews faster.
- 16:05Think about the people that you turn down and helping them out
- 16:08and maybe getting reviews from them.
- 16:10That's actually not a bad tactic.
- 16:12I still remember one of our conversation we had with Ted
- 16:13from Juvilees. He's like a big source of pain
- 16:16points for like his team with intakes when he doesn't refer
- 16:18his people calling like they just need help with like their
- 16:21auto accident claim, not because they're injured, but like my
- 16:24car's jacked out. I need help.
- 16:25It's like we can help you with that, but it's like help them
- 16:28with that. And then they'll recommend you
- 16:30to other people to come back to you next time.
- 16:32But it's like people are coming to you because they're in a car
- 16:34accident. They might not have been
- 16:35injured, but they need to get their car fixed.
- 16:36So they need to get to work and to point them in the direction
- 16:38to help them out because a ton of those calls come in that are
- 16:41just left undealt with. And that's helping that 9897% of
- 16:45people that are not in an accident like for the future.
- 16:48Or not injured in an accident. Yeah, not injured.
- 16:50And then now they're raving fans that are hopefully going to get
- 16:52on your social media bandwagon and and take that ride with you
- 16:56into the future. When you're looking at a team
- 16:59who comes to you and says, hey, like we need someone to sponsor
- 17:01our jerseys, are you willing to do that?
- 17:03They said you're doing what, over 50 right now?
- 17:05Probably. Yeah.
- 17:06Is there any sort of calculation that you do where you say like,
- 17:09OK, they want $500, they want $1000.
- 17:13Like how much is too much? Inevitably there's a budget.
- 17:16Yeah, right. How do you make those
- 17:17determinations, whether it's a team or it's a festival or
- 17:20farmers market or other community events?
- 17:22There's no rhyme or reason to it.
- 17:23I mean, obviously something too much is too much.
- 17:26We're not sponsoring teams necessary to go overseas and and
- 17:29play sports and things like that.
- 17:30But but just for the local leagues, the ones that need the
- 17:33money. I used to love when it was where
- 17:35my kids run because there were visibility.
- 17:37Oh, people know the name. But even beyond that, it's still
- 17:40part of our community. And every community needs a
- 17:42little bit of help. So there's there's no rhyme or
- 17:44reason of what budget are here and there because you can't
- 17:46track any of it really. It's just there.
- 17:48And at the very least, you're just helping out the Youth
- 17:50League, which is so important to us.
- 17:52Do you do any traditional marketing anymore?
- 17:54But billboards, Radio. TV.
- 17:55We did cable, local cable for years and I watched our intake
- 18:00numbers over those four years we did.
- 18:02So we just didn't do it for a year and I think we did for
- 18:04about four years. We saturated Bucks County, so a
- 18:06lot of people still, I think we're on TV in Bucks County,
- 18:08which we haven't been. Over a year so used to seeing
- 18:11the commercial. Maybe it's streaming or
- 18:13something else like because I say people, we're not really on
- 18:16TV that much anymore, but we're in a unique area where we're
- 18:19surrounding, they call it collar counties outside of
- 18:21Philadelphia. So we get all the big
- 18:23advertisers coming out to mass TV and things like that.
- 18:25So it creates an SEO problem at times too when Google wants to
- 18:28put those Center City big budget firms higher in local searches
- 18:33where we're at. So we always have to combat
- 18:35that, which one of the reasons we opened up a Philadelphia
- 18:37office this year strategically. So we have, I don't know, 8 or 9
- 18:41satellite offices Now we just have a bunch of offices.
- 18:43Getting reviews is so important because we need to spread them
- 18:45out. You know, we have KPIs for our
- 18:47staff to do that and and extra bonuses if they go above their
- 18:50KPIs and getting reviews. The firm has grown over the past
- 18:54four or five years. What is the next level of
- 18:56growth? The next milestone for Critisco
- 18:59and Sale. Probably doubled revenue.
- 19:01We've tripled the amount of cases.
- 19:03We're just preparing for the new world in Pi.
- 19:06There's a lot of things going on.
- 19:07Three major things, right? Cars are getting safer.
- 19:10Accident avoidance is going to be on all cars I've heard by the
- 19:13end of 2020, seven, 2028, somewhere around there, right?
- 19:16So that's one. On all new cars new.
- 19:18Cars. Yeah.
- 19:18So there's going to be less cars.
- 19:20Well, they we just saw Waymo here too, which makes things
- 19:23interesting. We have an Atlanta funny thing
- 19:25over right for Christmas. I think it was Christmas Eve,
- 19:27like right by the mall. There's a shopping rush and
- 19:29there's cars everywhere. A Waymo just stopped in the
- 19:31middle of the intersection and the whole like the major
- 19:33intersection from the mall was just gridlocked.
- 19:35We just see a fire truck pull up, like put his head in the
- 19:38window to yell at somebody. He's like, oh, he was just like
- 19:41turns around. Like I don't know what to do in
- 19:43this situation. You got the safer cars, you got
- 19:46the changing cars, right? Then you have, you know, AI and
- 19:50all that technology. We were just in a conference
- 19:53talking about like pre lit. Pre lit may not be around in
- 19:575-10 years and may all just be run through AI programs and
- 20:00communications that way. Sure, the clients have to treat,
- 20:03sure you have to advise them, sure you have to do this and
- 20:05that. But how much is that going to be
- 20:07by human compared to AI and pre lit?
- 20:09Having a good litigation team in the future is going to protect
- 20:12firms like us. So we're going to be more of a
- 20:14litigation firm. And the other big elephant in
- 20:16the room is, is the Wall Street money coming in and changing?
- 20:19In our business buying up firms, first they're buying up all the
- 20:21leads, which are making the leads more expensive, correct.
- 20:24So now at least we have AI to kind of reduce our operating
- 20:27costs a little bit, becoming more efficient, save some margin
- 20:30and then offshore people also helps out in that regard.
- 20:33But in reality is this year not even in your business and SEO,
- 20:37but in our business they they're starting to buy up firms,
- 20:40starting to buy a firm. So you're either going to
- 20:42compete with them, right, you're going to die or you're going to
- 20:45get bought. And every area is going to have
- 20:48its own unique timeline, I feel. I hope Pennsylvania's a little
- 20:50bit longer so we can build out and be stronger.
- 20:53But how do you survive in a world where all this mass
- 20:56marketing money comes in like 5 Morgan and Morgans come into
- 20:59your town and just take over All the leads and cases are going to
- 21:02be coming so expensive. Our margins are going to shrink.
- 21:05So my theory on that is the only way to survive is to build a
- 21:08brand. How else are you going to
- 21:10compete against that? You have to have a known brand,
- 21:12at least locally at the very least, if you're not going to
- 21:14go, you know, nationally or to other cities.
- 21:17But you can be efficient as you can, but if you don't have the
- 21:20brain, you're not going to be able to stop these monsters
- 21:22coming in. The one magical thing about
- 21:24building a brand that I've realized is no matter how much
- 21:29money you throw at it, in order to build a brand, you actually
- 21:31have to do real things. Like you can't just spend money
- 21:33to build brand. Like running ATV commercial,
- 21:35like kind of helps a little bit. But if you want to build a real
- 21:37brand, you have to like be a real person in the community.
- 21:39If you want to record social content, run a podcast, you have
- 21:42to record all that. You can't just offload that to
- 21:45someone else to do using influencers.
- 21:47That's just advertising. That's not building brand.
- 21:49So it's like you have to put real effort in as like an
- 21:51attorney now to building your brand.
- 21:53You can't just film one commercial one time and run that
- 21:56same commercial for a year. One of our other SEO providers
- 21:58was, yeah, doing some of the social media for us.
- 22:01They weren't in house. So we realize that the more in
- 22:04house stuff you can do, the better.
- 22:06And you know, as you said, we launched our podcast this year.
- 22:09It's called the Injury Pros, great name.
- 22:11It's not just me. So I have 6 attorneys besides
- 22:15the partners now and I try to make them all be part of the
- 22:18podcast. And at least two others right
- 22:20now are, are doing it. They're they're hosting their
- 22:22own because we're the pros. It's not just Mike.
- 22:24We're the pros and that's going to be our brand.
- 22:26We hope moving forward is the Injury Pros because eventually,
- 22:28you know, outside of our area, people don't know quotas go and
- 22:32sale, they can't spell it and definitely can't remember it.
- 22:36So putting that on a billboard or something else, it's just
- 22:38like everybody else. We're really in the next couple
- 22:40years moving towards this new brand.
- 22:42We think that's going to resonate and be able to put us
- 22:45in a position to either compete with the Wall Street money
- 22:48coming in or if the terms be it, we'll, we'll partner with them,
- 22:52you know, and move forward. Did that name get approved by
- 22:55the local Bar Association? It doesn't have to be, it
- 22:57doesn't. You know you can have a
- 22:58different brand in Pennsylvania. I'll tell you what, Mike brought
- 23:01this up to me years ago. He was very, very forward
- 23:04thinking. And he was.
- 23:05Running the name. He was trying to think of like,
- 23:07how do we do this right? At the time you thought that
- 23:11John, you know, maybe retiring at some point soon and you know,
- 23:14the the name would get rebranded anyway, right?
- 23:16If it's not Cordisco and sale anymore and it's just sale like,
- 23:19why not use that opportunity to potentially rebrand to something
- 23:22that's a little? Bit more and I was able to
- 23:24secure the URL a few years ago and I brought up to John and
- 23:26it's a remember it's timing because right now our brand in
- 23:29our area is growing. We're scaling.
- 23:31You don't want to hurt that, right?
- 23:33So it's a slow process. You know, we're trying to build
- 23:35up some Google juice, some domain authority as we go on
- 23:39that brand and the podcast was our major center point of that
- 23:43and that's we're slowly going to move there.
- 23:45So that's our goal. It needs to be a very
- 23:47calculated. This is my forewarning.
- 23:49When we do that, we need to, it needs to be very calculated.
- 23:52We need to make sure that any domain migration gets done
- 23:54appropriately. And it's not just let's just
- 23:57change the website, right? For those of you who are
- 23:59thinking of rebranding, the complexities that come into a
- 24:02rebrand and all of the social media profiles and all of the
- 24:05directory listings and everywhere where the firm has
- 24:07been mentioned in the past, it really needs to be like a real
- 24:10digital PR effort to at the flip of a switch.
- 24:13Now we're the injury pros and everywhere, yeah, we're the
- 24:16injury. Pros so I people ask me, do you
- 24:18want to do more social media? Do you want to do more of that?
- 24:20I said, let's put a hold on branding right now that you
- 24:22know, there's different ways we get business.
- 24:24You know, there's lead purchasing.
- 24:26We do a mixture of that right now because I don't want to
- 24:28spend too much on the brand quiz going sale right now just
- 24:31because if this is really where we're going, I would really want
- 24:34to save for that and be able to blast that out appropriately.
- 24:36Time will it set us back a few years?
- 24:38Maybe. Because you know, new brand
- 24:40takes time to build in the community and out there, but
- 24:43it's going to be a natural progression because we're taking
- 24:45it slow and building it, building it slowly.
- 24:47It's good too, because like what you're able to do with the
- 24:49podcast now is you can continue to push out content and kind of
- 24:52learn what's resonating more with your audience, The topics
- 24:54you're talking about, the different lawyers you have,
- 24:57which ones are really resonating and kind of fine tune your
- 24:59messaging slowly with the podcast and learn what the
- 25:02audience really likes before you launch the brain with our new.
- 25:05Lawyers that we hired, they're all interested in participating
- 25:07in it. So it's not just me.
- 25:09You know, at least you guys have each other.
- 25:11It's like when one person does a podcast, they get busy, they get
- 25:14tired, they just get disinterested in finding new
- 25:16guests. So at least I have some support
- 25:18to keep that that ball moving. You definitely need someone else
- 25:21to like help keep pushing you along because it was just on me
- 25:24to record every time I would. Push it off frequently.
- 25:28So did you tell the lawyers when you're interviewing them that it
- 25:31was part of their job? Requirements.
- 25:32Well I asked them if they'd be interested in the 1st and they
- 25:34said yes, so. Moved along in the interview
- 25:36process. I mean, if they don't want to,
- 25:38they don't want to, that's fine, but we don't have a lot of
- 25:40content. Content's the key in this world
- 25:42and getting more videos. The reason I did the podcast I
- 25:44was telling you earlier is that I don't like getting in front of
- 25:46video and talking about accidents.
- 25:48It's stiff, it's boring, it's mechanical.
- 25:51So just having these conversations, better stuff
- 25:53comes out, it's more natural, you sound better.
- 25:55And you're more confident, Yeah. And you're more relatable, yeah.
- 25:58You were saying you had one of your podcast episodes just on
- 26:01YouTube had over 70,000 views. And it was about car insurance,
- 26:05like what kind of insurance to get with a local friend who is
- 26:07at an agency. And we're talking about the pros
- 26:10and cons. And usually we hear about lawyer
- 26:11videos talking about that. It's so boring and it's so
- 26:14cliche because everybody does it.
- 26:15But this guy was minimal budget behind it.
- 26:18You know, within three days it had like 70,000 views.
- 26:21And of course, tails off after that.
- 26:22Sure. Super relevant topic.
- 26:24I love that you had an insurance like expert as the other person.
- 26:27When you're creating content, you do run into what you're
- 26:30talking about of like, OK, how many times could I talk about
- 26:33getting into an accident? What do you do after an
- 26:35accident, right? You can have them on our web
- 26:37pages, which we have done over the years, yeah, but just
- 26:39haven't like even new business owners, even if they're not in
- 26:42personal injury, you're creating a relationship with another
- 26:44professional that hasn't heard of people, thousand people they
- 26:47know. And if you put them on your
- 26:49show, you're promoting them. We give all our guests the clips
- 26:52to tape with them, sound bites and everything else for their
- 26:54social media that promotes us. Hopefully we get a backlink from
- 26:57them and then in and they're out there and who do they know when
- 27:00somebody they know gets an accident?
- 27:02Hopefully it's us. So you're just growing that
- 27:03community locally, local business owners.
- 27:06But in so far we've been able to concentrate it on injuries,
- 27:08people, doctors, different professionals in in the
- 27:11business. It's like even with us, like for
- 27:12example, Supio, their marketing team is great.
- 27:15We gave them all the clips, they take them, repost them every
- 27:17couple weeks from our episodes from MTP in October.
- 27:20You get a ton of views. So I'm like, thank you.
- 27:22We're working with somewhere they said, hey, John, Mark, we
- 27:25want you guys to help us build a podcast just like you guys built
- 27:28the podcast. And we're like, OK, you have to
- 27:30be committed. If you are, the guy got to be on
- 27:32and you got to be willing to talk to people in your community
- 27:35and be a little uncomfortable. But the payoff is exactly what
- 27:38you're talking about. You're building your own brand,
- 27:40You're networking. You're building SEO value.
- 27:43You're building AI value just compounds you're building.
- 27:46Yourself, you're becoming a better interviewer.
- 27:48Like for us it's direct examination, getting good things
- 27:50out of our clients question and answer in front of a jury.
- 27:53It works all around and it's not that hard to set up to me, it's
- 27:56a no brainer but we had a time we moved into a new brand new
- 27:59bigger office this year and we have we now have our own podcast
- 28:02room and all that kind of stuff. So we were kind of waiting for
- 28:04that transition, but so far I think we might have like 30
- 28:07episodes and. Six months.
- 28:09The secret is to have a podcast studio set up.
- 28:12It seems intimidating to do. It's not that hard.
- 28:14No honestly, you just have to get started with something and
- 28:16then once you get started, just slowly upgrade it to make it
- 28:19better. You don't have to have like a
- 28:20perfectly polished episode your first one.
- 28:22Everyone sucks at the beginning, so just start with you can and
- 28:25then just slowly grow it, but you want to make recording as
- 28:28easy as possible. And it's not.
- 28:29We always tell people it's not live.
- 28:30Yeah. If you mess up, it could be cut
- 28:32out. It's one of those things where
- 28:33it's comfortable. You're just having conversations
- 28:36about important stuff to your business and to your life.
- 28:38Great for content, Yeah. What would you say has been the
- 28:42biggest growth lover that you've pulled over the past couple of
- 28:45years to help the firm grow? We were growing at a slow pace
- 28:50for a few years and then I thought investing in coaching
- 28:55was one of the things that brought my partner John and I
- 28:58together. We were two busy people.
- 29:00He was a lot involved in politics, did some cases, and I
- 29:04managed the whole firm. People say we were like 2 ships
- 29:06passing in the night, but coaching sat us down monthly and
- 29:10we had a coach that asked us hard questions.
- 29:12What do we want to do? So we actually created a plan of
- 29:15where we're going to go and what we're going to do next.
- 29:17And then I kind of took over that and figured out like a 10
- 29:19year plan, 15 year plan and re engineered based on our case
- 29:24value and how much fees we get and how many cases we need
- 29:27coming in the door to get to a certain least revenue number.
- 29:30Because you can't measure profit that much.
- 29:32You hope you having a certain percentage.
- 29:34But by the time I was 60, which I think was like 13 years a few
- 29:38years ago, I wanted to be a $20 million firm revenue.
- 29:40You know, we're probably going to hit that like 5 years just
- 29:43based on our planning. So good leaders in your firm,
- 29:46You know, we're hiring for director of operations now we
- 29:48have a few good candidates. The other staff we hired A
- 29:52onboarding, training and HR person that just came from a
- 29:55local university. So building that leadership
- 29:58panel, you know, that can help you keep that boat moving
- 30:01forward. Because I can't do it all.
- 30:03And now I feed my brain with these kind of conferences and
- 30:06coming up with the ideas. So, you know, CEO and visionary,
- 30:09I'm about 70% of that because I'm trying to narrow down my
- 30:12cases to be more of a supervising lawyer.
- 30:14I still like to get my hands wet in there, a few of the bigger
- 30:17cases, but but then I have clients that came back to me
- 30:19three times and I'm like, I'll take your.
- 30:22And then I'm there for that client because I care and I form
- 30:25relationships and they come back.
- 30:26The clients that I've gone to trial on and spent a lot of time
- 30:29with, whether we win, lose, it doesn't matter.
- 30:32There are raving fans. They're the ones you see on our
- 30:34Facebook all the time because they know you fought for them
- 30:37and they have that feeling that somebody fought for me.
- 30:40No matter what happened. I had an ally, a fighter with
- 30:43me. Yeah, it's like.
- 30:43The original reason you got into the business is to help.
- 30:46People, I just told that to a a candidate we're interviewing.
- 30:49I said, you come from the corporate world and you've done
- 30:52all these great things in operation, I said, but this is a
- 30:54business where you can help people.
- 30:56Yeah, they come to you in their worst time and you actually can
- 30:59change lives, whether it's helping them out with medical
- 31:02treatment or, you know, the obvious money that they can get.
- 31:05And, you know, you get a lot of hugs at the end of these.
- 31:08And it's meaningful because, you know, it's tough sometimes when
- 31:11you have a death, for example, you can't fill that hole.
- 31:13You can ever change it. But you can have life changing
- 31:16money for some of these people and they love you.
- 31:19And it's nice to have people out there love you other than your
- 31:21family. So it's personally fulfilling,
- 31:24but of course, financially fulfilling in these stages that
- 31:27we are with rapid growth. You know, it's stressful just
- 31:29like any entrepreneur. You're up at night wondering if
- 31:32you're going to make the payroll, if you're going to do
- 31:33this. Are those cases going to be
- 31:35there next month, like a lot of moving parts And during this
- 31:38phase, you're not really taking home a lot of profit because
- 31:41you're growing so fast. So it's a balancing act.
- 31:44And I don't know that you ever stop that.
- 31:45We were just listening to Mike Morrison.
- 31:47You know, he was going from 50 million to 300 million in five
- 31:51years and he made it in three years.
- 31:52Like where do you stop in that process?
- 31:53I don't know if it's ever a place.
- 31:55I had a conversation with John recently.
- 31:57I go, how much money is an F? Yeah, at some point, we're not
- 32:01like rolling cash. We're like we have, we're
- 32:02planning our growth and our partnerships and how we're going
- 32:05to grow the company. And I was like, at what point is
- 32:08it enough? I was like, I want to be able to
- 32:09see my kids grow up. I have my number.
- 32:11This is my number I want to get to.
- 32:12But everything above and beyond that is great, but not
- 32:15necessary. I got to live a life.
- 32:17We all have kids, right? Younger kids and all.
- 32:20And you know, that's the best part about being an entrepreneur
- 32:23is that you can be there. I don't want to miss one game,
- 32:25one wrestling match for my kids. I'm leaving tomorrow because
- 32:28they have three wrestling matches on Wednesday.
- 32:30Nice. I got to be there for and this
- 32:32stuff's great, but that's what matters.
- 32:34I always say as a dad, you have 10 good years to spend with the
- 32:37kids and being entrepreneur, you get to decide when you're there.
- 32:40When you're not there, no one's going to tell you unless you're
- 32:42in trial or something. And that's what that's why I
- 32:44don't like the too many trials because you're just taking away
- 32:46from your family during these important years.
- 32:48But I'm there, you know, I like to do my morning routine.
- 32:51I like to hit the gym 456 days a week and get my head straight
- 32:55and I might not come in till a little bit later, but guess
- 32:57what? I'm working on the weekends.
- 32:59It's there's no a work life balance.
- 33:00You just do what you have to do to move forward.
- 33:02But I always tell my staff your family's the most important
- 33:05thing and if you can set up your business to run around your
- 33:07family, especially in these younger years, you know, when
- 33:09we're our kids are in college, it's going to be a different
- 33:12life. That's a whole nother phase of
- 33:13life for us. Our kids are just starting high
- 33:15school now and we have one in one in middle school.
- 33:17But that's next phase right? Right now it's my my life is
- 33:21determined by my kids schedules and work.
- 33:24Beyond that, I really don't care about too much more.
- 33:26We get to see friends here and there, that's great.
- 33:28But hopefully schedule some good vacations through the year to
- 33:30help you clear your head, create some memories of your family.
- 33:33That's the most extremely good. Perspective on that?
- 33:35And since the first time I met you, every time you come to
- 33:38Miami, you bring your wife, you have a good time, it's a work
- 33:42trip. Now.
- 33:42And now it's a work trip, yeah. Every trip's a work trip now.
- 33:47We'll be in San Diego, be in Scottsdale next week for another
- 33:50conference. Yeah, wow.
- 33:52And she gets to choose when she can come.
- 33:54But of course we have three kids, so.
- 33:56It's been great to see the evolution of the firm, the
- 33:58continuing growth path of the firm.
- 33:59I mean, it's only up from here. The trajectory's been great.
- 34:03Really appreciate you joining us, sharing some of the insights
- 34:05that you've had and continue to have.
- 34:07And we'll be on the lookout for the injury pros.
- 34:09And make sure you listen to Mike's podcast, too.
- 34:12Yep, injury pros. Thank you guys.
- 34:14All right. Thanks for coming on.
- 34:16Awesome.