46. Rich Newsome — Learning From Your Losses and Growth Through Collaboration

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Management, Business, Marketing, Entrepreneurship

5.0 • 540 Ratings

🗓️ 23 February 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

"You have to go through a certain kind of death to transform yourself. And I feel like that's what happened to me. I had to get my ass beat to really come to grips with a better method and to learn to be able to deal with loss and fear — because to me, that is the greatest gorilla." - Rich Newsome Why is fear the biggest threat to your success? How did Rich go from product liability defense to complex civil litigation? Why is the plaintiff lawyer community unlike any other? How can you overcome your own fears? Champion of the People Rich Newsome is the senior partner at the Newsome Melton Law Firm. Rich started out in product liability defense for manufacturers, but one case turned him away from the big clients and set him down a new path. For the last 25 years, Rich has dedicated himself to representing individuals and families who have suffered catastrophic and fatal injuries against the kinds of corporations he once defended. In this episode, Rich tells us all about the case that got him into complex civil litigation and how time and again he has overcome professional and personal hurdles that would've beaten anyone else. Collaboration, Not Competition Within the plaintiff lawyer community, there is a duality of competition and collaboration. Competition for new clients is fierce, but the plaintiff lawyers' shared belief in advocating for their clients' rights also leads to unparalleled cooperation among rivals. Rich shares with us what he loves about being a plaintiff lawyer and describes the altruistic exchange of information plaintiff lawyers engage in through the Attorneys Information Exchange Group (AIEG). Learn From Your Losses Even in the legal profession, it's true that with every failure comes an opportunity to grow — and while losing in the courtroom can be devastating, you should use it as a chance to reflect and improve. Hot streaks can give us a false sense of confidence, which is something Rich knows all about. He shares with us one of his own opportunities for growth and how he learned from his hubris to never overestimate your own abilities. Key takeaways: Don't ignore your fear. It's normal to feel it, and you're definitely not the only one who gets scared. So acknowledge it, accept it, breathe through it, and learn to overcome it. Roll with the punches. You're going to take a lot of hits in your personal and professional life — but each one is an opportunity for you to learn and grow. Cooperation is key. Keep in touch with your contacts, join groups and associations like the AIEG, and take advantage of the exchange of information and support. Links and Resources The Game Changing Attorney Podcast Michael Mogill Facebook Michael Mogill Twitter Michael Mogill Instagram Michael Mogill LinkedIn Crisp Video Website Crisp Video Facebook Crisp Video Group Twitter Crisp Video Instagram Crisp Video LinkedIn Rich Newsome LinkedIn Rich Newsome Twitter Newsome Melton Law Firm Trial School Website

Transcript

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0:00.0	You have to go through a certain kind of death to hopefully transform yourself.
0:07.0	And I feel like that's what happened to me.
0:10.0	And I had to get my ass beat to really come to grips with, I think, a better method
0:15.0	and to learn to be able to deal with loss and fear.
0:19.0	That's Rich Newsom, Season Trial Attorney and Senior Partner at Newsom Mountain.
0:23.7	Initially, everything goes well and it's great, but invariably you're going to hit that dip.
0:28.0	You know, I call it crossroads, you know, but where you will be tested.
0:32.5	And that's the difference.
0:33.7	That's to me when you are able to, you know, look it in the eye, look the monster in the eye, and still move forward.
0:40.3	Scared to death, by the way.
0:45.3	I'm Michael Mogul, founder and CEO of Crisp Video, the nation's number one law firm growth company.
0:50.3	I've built my business through practice, not theory.
0:53.3	Crisp started with just
0:54.7	$500 to my name and has grown to over eight figures in revenue over the last few years,
0:59.1	earning a spot on the Inc 500 list of the fastest growing private companies in America.
1:03.3	Our approach has been to take everything we've learned about generating massive growth within
1:07.0	our own organization and help the country's most ambitious and committed law firm owners do the same for theirs.
1:12.4	In each episode of this podcast, I sit down with innovative market leaders from the legal industry and beyond.
1:17.6	To learn from those who thrive in the face of adversity, challenge the status quo, and define what it means to be a true game changer.
1:24.3	I sat down with Rich Newsom to discuss why there's more to learn from your losses than your wins,
1:29.2	how networking and collaborating with other attorneys drive success, and what it means to face your
1:33.9	fears and find the courage to take on the most difficult cases.
	...

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