Risk Management

Build a legal career in one of the hottest 21st century employment arenas In his 21st Century Legal Career Series, Richard L. Hermann researches, evaluates, and predicts where the employment opportunities are and will be for law graduates. Volume 6, Risk Management: The Indispensable Profession, describes the rise of risk management and the wide-ranging and ever-increasing opportunities this presents for attorneys seeking a rewarding career outside of mainstream law, one that is not going away and that pays well and is as secure as any profession extant today. The demand for risk managers is prompted by a barrage of congressional and state legislation and regulations, especially in the 21st century, as well as the increase in the threat level experienced by companies. Add to the mix the creative diversity and expanding existential nature of these threats and the result is risk management has become a core organizational function throughout the private and nonprofit worlds. Highlights include: Why Are Attorneys in Demand? Why Is Risk Management So Hot? The Work: What Do Risk Managers Do? Who Hires? Selected Risk Management Job Titles Career Progression What Does It Pay? Breaking into Risk Management Advance Notice of Risk Management Opportunities Follow-Up Over the past two decades since risk management became a hot profession, employers have come to value a legal education. The principal reason why risk management favors a legal education or background is because attorneys are trained and/or experienced in evaluating and mitigating risk. A second reason is that, like attorneys, risk managers have to be quick studies and become knowledgeable about a large number of issues. Hermann focuses on what law students and lawyers need to know to break into this hot employment field.