Risk Update

UPDATE: 2024 Risk Compensation Survey News!

I’m taking a moment of our your regularly scheduled risk news to update our risk reader community on the 2024 Risk Staffing Compensation Survey.

You’re all doing great! (But I’d love to do even more.)

Two weeks in, we have 100 participants, sharing data on about 350+ individual risk leadership and staff positions. (This trends well against our aspirational goal of exceeding last year’s metrics: 125 and 515 respectively!)

The ration of participants to data points also suggests more individuals sharing personal details vs managers sharing team data. (So, catch up, managers!)

Here’s a bit of interesting inside survey detail — over the past year, I’ve had close to 100 non-participants ask for the report or a personal benchmark. So if everyone who provided data last year or asked for the results, participate this year, I’ll really have my hands full getting everyone the results and reports.

Remember:

  • The survey closes end of September. (If timing’s an issue, reach out!)
  • We’re collecting detail on a variety of staff roles, as well as on management/director roles, which have been a popular data point
  • Participation open to law firm risk professionals only (US and Canada at this time)
  • All responses will be treated confidentially.
    • (And if anyone has questions/concerns preventing them form participating, please do reach out to me directly. In particular, if having an “anonymous” path to participation would get you over the line, let’s talk. Email readers can do that by just replying to this note — it’ll reach me. Others can use the contact form as well.)
  • NEW: We’re collecting some qualitative feedback from managers on staffing issues and investments. Looks like several have contributed, thank you!
    • If you want to see those questions and/or the survey questions ahead of time, feel free to reach out and I can help.

You can read more background on the survey via this link.

Or if you’re ready to jump in now, you can access it directly via this one.

Thanks for reading. More risk news and updates on the way!