S1:E29: Investing Back Into Your Firm

S1:E29: Investing Back Into Your Firm

This week, Seth and Jay talk with Jerry Parker about what advertising for a law firm looked like before, during, and after the internet boom.

What's In This Episode?

  • What are some of the things that made Parker Wakeman so successful?
  • Treating the business of law like a monopoly -.
  • How do we access the space?
  • What’s your advice to people who are considering investing in something through a third party group?
  • What is the value of taking chances early on?
  • What is your secret to success in scaling and keeping people financially incentivized while still profitable for the firm?
  • Loyalty is paramount in the office.
  • How he got started in mass tort.

Transcript

Jay Ruane

Hello, hello, and welcome to another edition of maximum growth live. I’m your host, Jay, Ruane, CEO of firm flex social media marketing for lawyers, as well as reweighed attorneys, a civil rights and criminal defense firm in Connecticut. With me, as always, across the way, my good friend Seth Price, hanging out now in DC, Maryland, and Virginia, but he is all over the world, Chile. Where else are we, Bosnia, Toronto? I’m going to keep up every week, I’m going to come up with more places where you guys can open your firm.

Seth Price

Your man scans his way. Well, we’ll set offices up there. So we have a reason to travel.

Jay Ruane

There. That’s a great idea. That’s a great idea. So, Seth, we have a Thursday show, which means an interview show, and you were able to get a phenomenal guest. So why don’t you tell everybody about who we have here as our guest today?

Seth Price

Jerry Parker, one of the sorts of juggernauts of space, you know, founded Parker Wakeman, which is just one of those insane New York firms’ single event as well as mass torts. And then he created his own in-house software that became it couldn’t find what you want on the market, he went and created smart advocate. So this guy’s a legend. I know for myself, you know, when I entered the business, he was still at every legal conference, I would see him sitting in the first row taking notes. And I was like, what, but you know what, he digested it all. And you know, it was always thinking outside the box, so I can’t wait to hear what he has to say.

Jay Ruane

You know, it’s really interesting because I can remember, you know, I grew up in New York City metro area. And I can remember seeing the commercials of the first firm, you know, as I was in high school and then college afterward. And then, starting off my practice, I would see the Parker weekly commercials. So this is a real treat for me to be able to engage with him and talk a little bit about what he was able to do. And so, why don’t we do this? Why don’t we take a quick break, we’ll hear from our sponsors. As everybody knows, we are part of the maximum lawyer media family. Maximum growth live is available, obviously, right now as our Facebook Live show every week. But we’re also available in a podcast edition. You can find it anywhere podcasts are available; not only are we syndicated on the maximum lawyer podcast, we have our own standalone podcast as well. And we would invite you to join our Facebook community. There is a Facebook page at Facebook.com/ maximum-growth-live; we have a Facebook group that you can join. And I would love to see you as part of the group where we talk all about how to grow your law firm, how to take it from one to many how to take it from 100 bucks to 100 million. That’s what we’re all about here, Seth. So if you’re cool with it, let’s take a quick break. We’ll play some words from our sponsors. We’ll get him in here. And we’ll be able to have a great conversation with him all about Parker Wakeman, about smart advocate, and the wonderful things that he’s been able to do through the course of his career. Sounds good. Sounds great. Perfect, folks, we’ll be right back with the max growth interview.

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Seth Price

We are thrilled to be here with Jerry Parker a legend in the space founder Parker Wakeman and smart advocate. Welcome, Jerry.

Jerry Parker

Great being here!

Seth Price

Well, there’s you know, over the years, I have learned so much just being around you and my early days of time I saw you there, and you know when I when I had not much going on You were very good to me and sat down and gave me a lot of direction which I very much appreciate. Walk me back through the building of Parker Wakeman, what you know, what are some of the things you attribute to what became such a juggernaut?

Jerry Parker

Well, there’s no, there’s no substitution for hard work. You know, not going to call my office on Friday at four and find me playing golf. So, you know, it’s really a lot of hard work is what really what it boils down to when my partner, Herb Wakeman, and I started the firm, we started actually in the basement of my house. We both were working for another law firm at the time. We both left together, along with my secretary. And so the three of us showed up on Monday morning in the basement of my house, and we started looking at each other saying, Okay, what do we do now? And, you know, we just started doing some marketing on one of these marketing programs, I think you buy zip codes, and we bought two zip codes in the Bronx. And if we were getting some pretty decent calls from those zip codes, and then after about a year, I said, her What about if we took the money we’re spending on that program, and we would have less ads, but we could buy one or two ads a week. And we can have the whole city, the whole city of New York, which is 22 million eyeballs in that DMA. I’m remembering that in those days, Yellow Pages was very viable, by the way. But you know, when you’re sitting in your basement in January of 1992, or actually December of 1992, and it takes a year to get the Yellow Pages going, because, you know, there’s five books in Brooklyn, Queens now. So Suffolk in the Bronx, then there’s two books for Nassau, Suffolk, you know, maybe Westchester and Rockland. But you can’t get them out immediately. And maybe you just missed the book. So the next book is a year away. So we scrambled with the yellow pages on their way, because we didn’t want to lose any more time. But then we did that TV thing. And so we started advertising, like once a week, because we had no money. And so we started advertising once a week. And then then I O, then I got on AOL 1.0. Back also in, I think, 1992. And then maybe in 9394, I said to her, I said, Maybe we ought to do a website. So he said, What’s that? He says, It’s a thing that you put on a computer, and it’s out there and people can find it. And he says to me, do you think that Jose Rodriguez in the Bronx is gonna get into an auto accident and then go look for somebody on the web? So I said, Herb, you just never know. I said, let’s just do it. He says, Well, how much is it gonna cost? So I said, Well, we could probably do it for 500 bucks. He says, Okay, do it. And you know what, we got, like, 20 cases that year. And they were really good cases. They weren’t a guy in an auto accident. They were dehumidifiers that went on fire and killed people. I mean, very sophisticated personal injury cases that were great. You know, from a lawyer’s perspective, I’m very sorry that happened to the client. And so we were getting some really great cases back then. And then, after about a year or two of that, I said to her, I said, you know, her, I think if we had a better website, we would get more cases. So we invested into what they called, at the time, a database website, $25,000. And all of a sudden, the number of cases exploded. And number one philosophy that herb and I always had was, we treated the business of law to be more like Monopoly. And we wanted to build hotels as quickly as possible. Screw the houses; we wanted hotels. So we took everything back. I mean, we took everything that we earn and put it back into the firm, we really took only what we needed to live. And we didn’t change out, we try not to change our lifestyle to the worst because we started a new firm. But we didn’t want to take any profits, and then enjoy those profits in our lives. We wanted to put it back in the firm. And we did that for a very long period of time. And so we wanted to build hotels, and we did and, you know, so in the 90s, we were getting hundreds of cases a day on the web. because there was no other lawyer advertising on the web. And whenever I would talk to lawyers about advertising on the web, they said, Jerry, you can’t get cases on the web. Or you I can’t remember.

Seth Price

I could speak to that because I helped us with law, and we couldn’t sell directories, and nobody would pay to advertise. I gave the LA workers comp listing to my uncle who was, you know, practicing out there, it’s always the greatest thing ever, who’s the only lawyer in LA at the time with it. So I can only imagine what it felt like fish in a barrel for you.

Jerry Parker

Oh, it was unbelievable. And so that gave rise to a problem that we had in that we had a date and you know, DDoS, das, this operating system-based database. And I needed something that would integrate with a website so that my leads would go into the database. So I went to all of these vendors, you know, all of the guys, you know, today that have been around for 30 years, maybe 40 years, in some cases. Some of them aren’t around anymore, but I went to all of them. I say, Guys, I need you to integrate my website into your database. And if you do, I’ll buy it. Jerry, there’s no money getting wet cases from the web, you’re the only one getting in cases when I can invest $1 Just, you know, for you and never getting it back. And then I was using email. And nobody was using email. Nobody had BlackBerry’s not now business. So an, email was a big part of our business from the web. Because all the cases were coming in via email. So I had to hire 10 People just to block, copy and paste the leads into our das case management system. Jerry, nobody is using email. It was just, it was just unbelievable. So I was talking with my partner. And, you know, last thing we wanted to do is go into the software because that was you know, we’re, we’re busier than beavers in flood season, you know, in the pie business. And we just wanted to find the package that did what we needed. But since that was impossible, nobody would do it. And I actually did make a deal with another company. A guy told me he would do it. He took my 50-page outline that I wrote, I typed it typewritten, or what I wanted to imagine has been are based upon the one I had and the improvements I needed, including integration with the weapon and with email, and he said, I’ll do it in a year. And I kept on calling him up. Jerry, we’re working on working on it. Finally, in 11 months, I said to him, his first name was wit. He said, where is it? He said, Jerry, I want to tell you, he says my guys just couldn’t do it. I said in a whole year, and they had to do something. So he says, okay, guys showing what we did in they showed me what they did. They added a notice of claim field and a police report field. In a year, I said with, that’s all you did in a year to field. And that was it. And I said You know what? We’re gonna do it ourselves. And, and we started, you know, we started hiring programmers first, we tried to do it via a team in India. And that didn’t really work out too well. So we took it in-house and hide programmers in New York, how they work in our office in New York. So that the lawyers and paralegals could tell them what they needed, what they wanted, where they wanted it to be, what data should be on one page? And how do we want to access it? And that’s still the way smart advocate is today; the programmers are still in my office. They’re moving out now because we just got too big, but we park, and Wakeman needs the space also.

Seth Price

And when he says Can I just when you say you need the space? You were nice enough back in the day when I was building my firm to invite me out to your airplane hangar. Like it’s like the four seasons of airplane hangars. I’ve never seen anything like it. You know the middle of Long Island, you have this monstrosity of a building with lawyers on the outside with glass windows, the air coming in rows and rows of stuff. It is a sight to behold, this was back in the day. So how to be outgrowing your space is really saying something.

Jerry Parker

Yeah, I never thought that we would outgrow it because we had so much extra space when we moved in years ago, but, you know, we bought the building back in the late 90s, and we totally gutted it right to the windows, and even some of the Windows came out, you know, put in seven new air conditioners. There’s not any plumbing or any electricity. That’s original. I mean, we built all the offices out. And you know, we did a first-class job of it because the way I was raised is I was raised to do things right or not do it at all. And so you know, and every time the contractor says, you know, we got an A way and a B way, we always want them away. I mean, we spent the money, and you know, you’ve seen it. So you know, everything is, you know, really first class, because I’m of the opinion. And we did this with Parker Wakeman originally, when we reached when we moved out of my basement in 1994. Because by then, we had 15 People in the basement. And I had the FBI installing telephone lines in the street because we had 15 phone lines coming into a house in a highly residential neighborhood. So they probably figured we were doing drugs, prostitution numbers, something, but those guys on the telephone pole, they look kind of familiar to me because, in my first life I was a special agent with the Treasury Department. So I’m looking at these guys. And I’m saying these guys are in pull guys, these guys are, you know, listening to my phone calls. But anyway, we moved out in 1994, and we went to Steelcase for the furniture, and I wanted to get old-grade furniture, I didn’t want to get stuff that fell apart. I want to stuff that lasts forever. And so we bought waiting room chairs, and they were $1,500 a chair. So my partner says to me, we need $1,500 Jazz. So I said herb, I says when the client sits in that chair, they’re going to know that we’ve been around for a long time. And we bought $1,800 conference room chairs with a $5,000 table. And I said herb when we’re doing a deposition here, everybody’s sitting in this Jen defendants, everyone, the clients, you’re going to think that we’ve been around for a long time isn’t Britain’s great furniture. So that’s been the philosophy ever since we started the firm and it continues to this day.

Seth Price

What are some of the things during that journey journey that you wish you knew upfront? That would have been helpful along the way for many of our listeners starting that journey?

Jerry Parker

Well, this is a bit controversial, but I wish I knew that some of our colleagues weren’t as honest as I was expecting them to be. Because early on, we entered into certain relationships that were with people that ended up not being honest. And we got hurt by that. And the clients got hurt by that. So that gave me a very powerful lesson, in that you have to investigate who you do business with before you do business with them. And to make sure that you do everything you can possibly do to stay away from dishonest people. And that’s been a rule that we have lived by ever since. So that’s a big deal for us.

Seth Price

Other things that sort of lessons learned from the trenches.

Jerry Parker

Well, do your homework. Especially in our business, you know, we have, you know, a single event department that consists of about a dozen lawyers. But the majority of the law firm is mass towards the fact the pharmaceuticals, defective medical devices, environmental cases, and things like that. You get involved in a mass tort that goes the wrong way. You’re going to be in big trouble, especially if you’re working the case. When we advertise for mass torts, we work the case. We don’t advertise sending it out. That would be a different proposition. But even then, you know, money’s value, and you don’t want to waste money on a bad case. So even if you’re going to refer the case out, you really need to do your homework. And we did our homework early on before we even filed the case. We hire experts. So that if the case is not a really great case, we don’t get involved in it. So we might spend maybe 100 1000 upfront, you know, doing our homework on it. But if it’s not a good case, I’d rather than know about it upfront and lose the 100 and move on rather than spend 10s of millions of dollars and six years of my life, you know, chasing after something that’s never going to come to fruition. So you gotta do your home.

Seth Price

Before it passes off to Jay for a couple of questions, my question is, a lot of our listeners are not in a position to do the mass tort cases themselves. But there’s an entire industry out there trying to get people to sort of buy into cases and then ship them off. You know, your perspective on where that industry is today. You’ve seen it all; you’ve done it yourself; what you know, what do you what’s your advice to people who are considering investing in something through a third-party group?

Jerry Parker

Well, the same thing there is do your due diligence because there are a lot of people out there that are less than honest. And there are, you know, people selling cases. And are you getting the first dividend? Are they recycling it? Is it a case that some of the law firms checked out and gave it back to them, and now they’re selling it to you, hopefully, that you won’t give it back to them? You know, make sure you have the right to give it back; if it doesn’t pan out to what it was, you’re paying good money. You know, you just got to be really, you got to watch what everybody does. For example, if you enter into a marketing campaign of any type, whether it be TV, web, lead generation, retainer generation, or whatever it is, you should be looking at your results. Closely, weekly, every two weeks, and four weeks. How many of these cases are panning out for me? Are these good cases, but are they not good cases? And you might start seeing patterns, you might see a source of a case or a group of cases, that most of them are terrible. And then another source that you engage with the very same time or a lot better? Well, maybe something’s not right, but the first one. And so you got to be really on your guard all the time to make sure that you’re not getting screwed by, you know, any of these advertisers. And even then, you’re gonna get screwed. Sure, but, but you want to be on your guard so that you could limit the losses that you’re taking from dishonest conduct. I can deal with a loss, you know, that just comes back by happenstance. But if my loss is coming because the vendor is not honest, that’s something that you know, we’re not going to tolerate.

Jay Ruane

Absolutely, absolutely. I want to talk to you quite briefly about something that you talked about early on in the conversation. And that was the value of reinvesting in your firm early on. Because I think a lot of lawyers, when they finally do hang that shingle, and they’ve been an associate for another attorney, and they’re going out on their own, they see the trappings of success in material goods and saying, Okay, I had a Chevy or a Honda. Now, I’m going to lease the Mercedes because now I’m a partner in my own law firm. Talk to us about the value of just reinvesting those dollars in your firm as it gets off, gets off the ground.

Jerry Parker

You know, especially as to the younger people watching this. It’s like compounded interest. You should be, you know, I divide life up into three areas; the first 20 years of your life, you’re just screwing around. And then the next 20 years of your life, you should be working your ass off, actually and 30. So the first 30 is screwing around, but the second 30, you need to work your ass off, so that when you get to the third 30, you can enjoy your life. Now, if you don’t work your ass off, and that middle batch, that middle group of 30 years, you’re not going to have the money when you retire to enjoy your life. In fact, you might even be in real financial straits if you look at a lot of the stats. Most people don’t have $10,000 in the bank. And you know, and it’s it’s a bit scary. I mean, I have friends who’ve gone bankrupt, you know, in their third 30-year segment, because they don’t have the money. And so, you want to put in the work while you have the desire You’re gonna do the work. And the energy when you’re, when you’re in your foot that second 30 years from 30 to 60, or from 30 to 50. I know I couldn’t wait to get up in the morning, I would get up at two or three o’clock to start working. And it’d be funny because I’d be emailing my friends and some of my crazy Friendswood emailed me back at three o’clock in the morning because we’re just crazy about work. But you know what, at this stage, I’m not that crazy about work anymore. So you need to put in that effort while your brain is letting you do it while your brain wants it. And that time is limited. So you need to use that time very wisely. So that’s why you’re not going to find me on the golf course at four o’clock on Friday.

Jay Ruane

I’m with you. I’d much rather be at the office doing work than be at the golf course because I love seeing that I am building something. But I want to talk to you about another thing that you talked about. And that is taking chances early on; you took chances with the Internet. And I think that’s something that traditionally, lawyers, by our own training, lawyers are not trained to take chances; we’re trained to say, here are all your options. Now you get to decide for our clients; what is it about the value of being able to take a chance that I think makes young lawyers or lawyers who want to grow their firms successful?

Jerry Parker

Well, I mean, we take chances, but you know, hopefully, we make intelligent choices, right? So I talked about doing your homework, that eliminates a lot of the chance, you know, if you’re involved in a case, you know, if you’re, if you’re a referral lawyer, we do a lot of referral work. I mean, in the last 10 years, we’ve paid more than $100 million and referral fees. I mean, I don’t know how much more but a lot more. So, with me, I think it’s like insider trading. Because if I’m involved in a case, and I’m actually looking at the documents, and I’m taking the depositions, and I know about the fraud perpetrated by these major United States corporations, I know that they’re never going to let a jury see these documents. So I will take every dime I have. And I will put it all in. And I’ll be all in on TV. I don’t want to mention the case. But recently, we put in over $15 million, and in about a year on a case, because I just knew looking at these documents, this company could never ever defend their conduct. And sure enough, it was probably one of the biggest cases in our history. But this goes on in all cases. So when you see that this has got to be a winner. You just put it all in now; my forwarding attorneys get the benefit of that, because I’m constantly communicating with them. And telling them, you know, you really thought up, you know, put your money into this case, but this case is gonna settle real soon, you know, or this case is excellent, or the documents are incredible or whatever. But you know, when but for me, it’s like insider trading. And so that’s one way that we minimize our risk.

Jay Ruane

And I have one last question for you. Before we even for my last question for you, one of the things that I think is interesting about your story, especially when it comes to the development of the stock software, is that you weren’t in the software business; you wanted to do something. And then you hit a wall with your developers. And many lawyers in that situation would just say, all right, it can’t be done. They hit a wall, and they stop. Talk a little bit about the I’m not going to be stopped by a brick wall mentality that you’ve had as you’ve grown your practice.

Jerry Parker

Yes. Well. So the name of the software is smart advocate; if anybody wants to know and it’s smart, a user.

Seth Price

And a fan and many of our listeners like John Fisher and guests Michael McGrady are also big fans.

Jerry Parker

Yes, yes. And I mean, a smarter advocate is, you know, I really get a kick out of it because I’m not really that involved in the company other than to give it ideas at this stage. Because I’m still involved in the law firm, and I’m still working seven days a week. But you know, I sometimes on some of the larger demos involving 234 100 people, I’ll either attend the demo, or they actually want me to be on the demo. And it’s really funny because when we’re demoing SWAT advocate, I hear the reaction of the lawyers and the paralegals. Wow, that really makes sense. You know, they see the screen, and there was one big malpractice firm in Long Island. They were a user for two Many years have another product that’s been around for 40 years. And he said to me, Jerry says, you know, I can get everything from that other product. But I gotta go to six or seven different screens to get it. He says you have it all on one screen. Because that’s how you want to see it. You want to see it on one screen; you don’t want to go be going bouncing around. And what’s, what’s my navigate? If somebody tells me about an improvement, we’ll build it. I don’t want to have to go by an intake system, by a document scanning system, by a dashboard system, by a client portal, whatever it is, if there’s something that’s needed for the practice of law, we will build it into one aggregate. That’s the way it’s always grown up, or what have you gotten as a new case wizard? It’s got document barcoding and scanning. It’s got a client portal; it’s got an iPhone, iPad app, Android to, whatever it means. And this year, you know, stuff we just announced, Swan, avocat 2020. And it has over 1000 enhancements this year alone. And every year that we’ve sold some on aggregate, it comes out with over 1000 enhancements every single year. And these enhancements are either driven by me or they’re driven by clients who email us every day. Hey, what about this? What about this? What about this? Now you know about the competitors, hey, you can give them an enhancement, and you’ll never see it ever. In Smart advocate, sometimes they’ll have it in less than a week because we have 20 programmers for spot advocate, which is probably more than most of the industry combined. And they’re just waiting for these enhancements so that we could program an end because, you know why? At the end of the day, a smart advocate makes my law firm more profitable, makes my law firm more efficient. And it’s the law firm. That’s my profit generator. So I just want to get a law firm, more efficient, more profitable because that’s the best thing for me.

Seth Price

Jerry, you have a final one because I want to dive in. Look, it’s just such an again, it’s been an inspiration. I saw you with a firm, and you you had a need; you didn’t see it; you built it. So I get that. And I appreciate the sort of ability to follow a path. One of the things that a lot of people struggle with is the incentivization of attorneys in a plaintiff’s practice. And, you know, I feel like a lot of us have cracked the code in the nonplaintiff side and the fee-for-service side. It’s I feel easier. But what is your been your secret to success in scaling and keeping people and keeping them financially incentivized while still profitable for the firm?

Jerry Parker

Well, we don’t have any contracts with any of our attorneys. There’s no fixed percentage that they get on the cases that they resolve. We used to do that. And what they were doing is they were resolving all the easy cases. And they would never resolve the hard ones.

Seth Price

Right. That’s sort of why it’s so hard to do. Blyton, it depends on what the allocation of the cases is. And like any incentive, it can be used for good or for bad. So glad to hear that you struggle with that as well. Okay, so what did you commit to?

Jerry Parker

You treat everybody, right? At the end of the day, at the end of the year, you treat everyone right. That goes for the paralegals goes for the file clerks goes for the receptionist goes for the messengers, and it goes for the attorneys. And, you know, it’s what advocate, it makes it easy because we have dashboards on how many cases they resolved, gross revenue, net revenue, net revenue after forwarders. It’s all on a dashboard. We have that for everybody in the office. So it makes it very easy to see. But it’s not only about money; how did they get along? How did they do with others? How did they make me help the juniors in the office, you know, grow? Because of a lot of times.

Seth Price

Unless you’re up at two in the morning thinking about each person as you do, how can that be systematized? So it’s not dependent upon you, or is that one of those things you kept for yourself?

Jerry Parker

No, I’m not there. You know, I’m never, you know, main offices in New York. We have a satellite in New Jersey and then we have another office in Florida. I live in Florida. Um I hate to say this, but I’ve only been to New York, New York office one day for in the last three years. We have a lot of management. We have smart advocates; I can see what everybody doesn’t want to navigate every day. We have dashboards that tell me exactly what they’re doing. So I don’t need to be there, because we have very responsible people. Most of them have been with me for decades. I equate the employees that are one advocate as Parker Wakeman, like a roach motel you get in, but you can’t get out of it. They don’t leave because we treat everybody right. You know, for example, I pay 98% of their medical bills and medical insurance. 98, they only pay 2%. That’s my accountant. I’m the last of the Mohicans. And he constantly is begging me to to change that I won’t. Because I think I should be paying all of their medical premiums. I compromise with him, I give him 2%. So when we didn’t lay anybody off during the COVID crisis, and we’re still in the middle of the crisis, I mean, we haven’t laid anybody off. We did actually hire people. We hired a lot of people because I talked to be hiring. And we’re finding some great candidates. So and we didn’t redo salaries. We didn’t reduce benefits. We didn’t know anybody. And you know what? People don’t forget that. People don’t forget that you are loyal to them. Well, loyalty is so paramount. It’s paramount in our office. And I tell everybody, listen, I’ll stand by you. We had zoom conferences every week. You know, back in March, April, May, or may not even June, went through June. Every week, I address everybody. And I said, Listen, we just have a rough time right now record for a quote, in New York records and Silk Road. You can’t get a trial. Defendants take advantage of that. But I tell everybody, listen, you do what you need to do. To keep us going, I’ll do what I need to do to keep everybody paid and employed. And, and so they stand by me, and I stand by them. And that’s just the way the relationship is. So that’s why people, we have a very high percentage of people that are with the firm more than 10 years, more than 20 years.

Seth Price

So one of the things a lot of our listeners have struggled with is the fact that the courts are closed, especially in New York lawyers. You know, they’re a little smaller case, they’re churning. But some of the guys who deal with catastrophic cases don’t have that push of trial. And in New York, compared to most places a lot of the carriers wait till the steps of the courthouse to force it. How do you deal with you know, what’s your advice to people who are dealing with that situation where, you know, people are, you know, smaller cases, fine, but the bigger cases really are getting hung up and maybe worse through 2021?

Jerry Parker

Well, I’ll get to your question. But in general, what we’ve done is we’ve taken that backlog of paper that everybody has had, and everybody always has, and we’ve eliminated it. So all the cases that we’re waiting for summons and complaints, they’re gone. Or what we in New York, call the bill of particulars, it’s like interrogatory; they’re all gone. We are doing everything humanly possible to clear all of that out. So that when they do open up that we’re ready for them. And, you know, we have been somewhat successful in mediation. Even on big cases, we just mediated a very, very large case yesterday, and there was a very large recommendation from the mediator that I don’t know if it’s going to work, but we haven’t heard what the client said, and I haven’t heard what the defendant said, but at least there was progress. And so we’ve been fairly successful. mediating and resolving cases, not the same volume, but it’s keeping our head above water, and you just got to work really hard at it at the same time. Making sure that you don’t leave any paperwork on done. Take advantage of this, you know, during the COVID crisis, especially back in March, April, May, June, and July. A lot of our colleagues went off the TV; they pulled back on their advertising budget. We kept it absolutely the Same because now we have less competition. So with the same money, we were getting more cases. In fact, I think it was in June; we got double the auto cases that we got from the year before in June. Wow.

Seth Price

Yeah. And nobody’s driving me pretty much.

Jerry Parker

I worked for the carriers also early on and said, Listen, if you don’t give us more spots for our money, we’re gonna be out of here. And we ended up getting more free spots. So you just got to play it, you know, you just gotta play tough, and you got to take advantage in bad times. When everybody else, you know, it’s like, the stock market goes up, and everybody thinks the stock market’s going up, well, that’s probably the time to get out. And when everybody thinks the stock market’s going down, and everything’s going through the shit, that’s probably five to get in. So, when the world was going to an end, back in March and April, you needed to take advantage of that. And make sure your chips are all in. And that’s what we did.

Seth Price

That’s awesome. Any final words for our audience here? You know, it’s, it’s just awesome to have this time with you and soak up this knowledge? Yes, thank you so much. Any sort of parting words to people who are in the in the trenches in that first in that second 30, building their firm? Well

Jerry Parker

Keep working very hard. So don’t look down. Look straight ahead; your future is in front of you, not behind you. Be creative, be different. We’re constantly striving to be different. I mean, in one case that I had, I put out post its advertising post, it’s on the front page of the Sunday newspaper in various communities. That’s different, right? You never heard that. Anybody. But we did that. And you know, we got a ton of great cases, though. So the idea is to think out of the box. But I mean, really out of the box, be different. Differentiate yourself from the normal commercial on TV. Be creative. And listen to anybody who has any questions. I don’t know how many people watch this. But you can always feel free to call me. The number in the office is 516-466-500. My email address is Jerry@yourlawyer.com. I’ll be happy to help you people out with anything and any questions you may have. Hopefully, I will have answers. And if you want to get rich, send me your cases. Sounds good to me. My mask Bartlett.

Jay Ruane

Okay, I’m gonna get into it. I’m a criminal lawyer. And I want to get into mass torts just listening to you. Oh, yeah.

Jerry Parker

I used to do the criminal side. And this is a lot better when I left the federal government. You know, we were prosecuting criminals. But I went directly into a mass tort firm in Manhattan. And so I’ve been doing mass torts for almost four decades now. And it’s, it’s a lot of fun. It’s very interesting. You know, when I went to school, I went to college, I took a program, and I majored in accounting. Because in accounting, you didn’t need a language. And you didn’t need science. And now my whole life is science. Because every mass tort, whether it may be a medical device, pharmaceutical, or environmental, it’s all about science.

Jay Ruane

Yeah. But you find-

Jerry Parker

You got to know the science better than the defendants. Witnesses. Because if you don’t learn the science better than them, they’ll run circles around. Yeah.

Jay Ruane

Sure. So it’s amazing. It’s always been amazing to me, being a DUI lawyer and a trial lawyer, that I needed to learn science and that was never my strength. Yeah.

Jerry Parker

Well, that was my strength. Yeah. Let’s enjoy it.

Seth Price

Thanks so much. I really appreciate your time.

Jay Ruane

Thank you so much for being with us. Stay safe. Bye. Bye. Yeah.

Jay Ruane

Boy, you know, Seth, I gotta tell you, these interviews are getting better and better. I mean, the talent that you’ve been able to accomplish getting us conversations with is really mind-blowing to me. I know because this is your baby. You’re the one who gets all the beat. Believing here, but boy, oh boy, just the nuggets that we got out of that conversation. I mean, I have my notes here; I saw you taking notes as well. What are your takeaways?

Seth Price

You know, for me, I think it’s the be creative. You know, it’s not like, you know, what’s coming next. He didn’t know, you know, he said, Hey, you know, in those days Yellow Pages was too long of a wait for him. I looked at it almost like SEO for some people, knowing what your resources are. And not just doing me too, but sort of being creative, pushing it, and doubling down all great advice.

Jay Ruane

You know, it’s funny when he talks about his Yellowpages story, I quit my job and hung my shingle a week after they closed the Yellow Pages. And I can remember making a phone call to them saying, hey, I want to give you the Yellow Pages. And the guy said, Great, I’ll pencil you in for 11 months from now when we can talk about your ad. And I was like, Well, wait a minute, why? And he’s like, Oh, the books closed, you’re out of luck for a year. And my heart sank, because that’s all I knew lawyers did. And then, you know, a month later, my brother came home, I was surviving on subsistence cases from referrals. My brother came home, he had finished his freshman year of college and had taken a web design class. He said, Why don’t we build your website and see what happens? And I gotta tell you, talking to him about, you know, his early web leads I was the same. My web leads converted tremendously early in the days because the people who were on the web then loved it.

Seth Price

Perspective, this wasn’t just early 92 was like a head of AOL. I mean, this is like, this is like almost Al Gore early. I mean, you know, this was really,

Jay Ruane

Really, I mean, I think she started off back when you can only own one domain name, which, I mean, that’s, that’s probably where he was because I can remember that they didn’t allow you to own more than one domain name, which is mind-blowing in and of itself. Until like the mid-90s.

Seth Price

When were you first online? The first I remember was to AOL.

Jay Ruane

Yeah, well was the first thing I was online, but back then, I can only allow you to own one domain name per business entity. And I because I can remember talking to a colleague we know back in, down in Georgia bubblehead. When he first tried to he was going to get a DUI lawyer, but he got drunk driving defense.com Because he figured that would be better because he could only get one. And that’s how Baba started to really build his empire of DUI lawyers on?

Seth Price

Absolutely, that’s how we both it. Frankly, one of the ways we got there was the bobblehead connection. That’s awesome. So, you know, we got a lot of excitement in the weeks ahead. I don’t know if you want to tip your hat to what is coming.

Jay Ruane

I think we should leave it. Let’s, folks; we got a lot of cool stuff coming. We have some guests that Seth must have sold his soul to the devil. And it wasn’t for a golden fiddle. It was for some of the guests that he has lined up for us to interview over the next couple of weeks. And so what I think we’re going to do probably is maybe we do a quick little pop-up where we list and have a sort of coming attractions of the people that we have coming up in the next couple of weeks because it’s mind-blowing. The research that I have to do to get ready for the conversations is a lot of work. But man, Oh, man, it’s gonna be some really.

Seth Price

Good stuff. That’s awesome. All right.

Jay Ruane

So why don’t we do this? Why don’t we end the show? That was a phenomenal conversation. I had I got some takeaways things that I want to think about. And you know, I know you did, too. Why don’t we leave it with that? We are MAX growth live. He looks at this. I’ve been doing this now. We’re like 40 shows into it. And I knew where I was going, and I pointed the wrong way. So he is nobody, but he is Seth Price. Seth Price, my man down there, DC, Maryland, Virginia. Price Benowitz. If you need a lawyer in that side of the East Coast, just stop short of Connecticut. You go to him anything Connecticut, you know, about 15 miles into Connecticut, I guess you can call me. But that’s who we are, folks. And we are here to help you grow your firm if you want to participate in the show. Suppose you have questions for us. Please leave us a comment down below. Send us a DM. We love talking about this stuff. As you can see, you can go back in our history and plenty of videos on our Facebook page that you can watch going back to some of our earlier shows where I had all sorts of microphone troubles. But we are really here to make your life easier because both Seth and I, as well as all of our guests, have grown our firms, and we have taken the lumps, and we don’t want you to take the lumps and take them as well. So please reach out to us if you have any questions or say any parting words for anybody today.

Seth Price

Yeah, this is just great. And you know, I, you know to just when you hear from some of the people that Been there done that it sort of starts to distill some of the things we know we need to work on and need to be inspired to do, but knowing that it worked for them, it can work for us.

Jay Ruane

Absolutely. And we’ll leave it with that, folks. So again, Seth Price did it right this time for myself, Jay Ruane. We are MAX growth live. Thank you for being with that said. We’ll see you again next week on another edition of maximum growth live. Bye for now.

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