Like crashes, luck is predictable. If you want to get “lucky” and get multimillion-dollar settlements regularly, then you have to put in the time and do the work. And it also helps to have the right mindset and strategy for your case.
In this episode of Trial Lawyer Nation, host Michael Cowen is joined by his partner Sonia Rodriguez. Tune in as Sonia explains the shift in mindset that led to her getting three multimillion-dollar settlements in the past six months on tractor trailer cases. Sonia and Michael also discuss the three things you need to get a big result on a big case, why you need to understand the sunk cost fallacy and Pareto Principle, and how (and why) Sonia gets ready for trial from the first deposition.
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Featured Guest
Name: Sonia Rodriguez
About: Sonia Rodriguez, a native of San Antonio, Texas, is a partner at Cowen Rodriguez Peacock. Sonia has represented only plaintiffs for nearly 20 years, and she practices in the areas of personal injury trial and appellate law. Beyond the practice of law, Sonia has provided unwavering support to a number of important civic and community causes, including the Young Women’s Leadership Academy and the SAISD Foundation.
Company: Cowen Rodriguez Peacock
Connect: LinkedIn
Episode Highlights
[01:48] Terrific Results for Clients: In the last six months, Sonia has gotten a $5M settlement, a $5.89M partial settlement, and a $7M settlement. Sonia credits her recent success to a “philosophical shift” in how she approaches her cases.
[04:27] The Right Mindset: To get multimillion-dollar settlements in tractor trailer cases on a regular basis, “you have to absolutely believe that these trucking companies, if they are not training their drivers and they’re not properly vetting them, it is absolutely reckless,” says Sonia.
[08:46] Big Results on Big Cases: Michael and Sonia talk about the three things you need to get a big result on a big case: creativity, commitment, and courage. Michael emphasizes how creativity and commitment go hand in hand because “everyone can dream about it, but actually doing the work to put it into reality is a whole different story”.
[12:10] It’s Not Just Luck: With the settlements that Sonia has gotten recently, some remark that she’s “lucky”, but Sonia is quick to share that it’s not luck, but rather a lot of hard work and time commitment.
[20:19] You Have to Take Some Cases to Trial: “If you always take the last offer, the word gets around,” says Michael. Insurance companies keep databases. They know: What were the offers? What did you settle for? When did you settle? Michael’s been told that some of the excess insurance companies won’t even fully engage you until two weeks before trial.
[22:00] Don’t Blink: “You can’t go say: I’m trying the case because I want them to raise their offer. You have to say: They’re not offering fair money. So I’m going to go try this case. And I trust the jury to give me fair money. And then when you do that, sometimes they come around and offer fair money,” says Michael.
[24:43] Ready for Trial = Big Settlements: Sonia is getting ready for trial from the first deposition, from creating compelling visuals to thinking about vocabulary which will be used with the jury. In the event a case doesn’t settle, she’s ready for trial. But the mere fact that she’s ready for trial has led to incredible settlements.
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In this popular and award-winning podcast for trial lawyers, noteworthy author, sought-after speaker, and renowned trial lawyer, Michael Cowen explores critical topics distinctive to the legal profession with some of the biggest names in the industry – specifically focused on developing extremely efficient law practices, securing a competitive edge in the industry, and wildly excelling in the courtroom.
