Scoping under protection.
Preliminary scoping of objectives, transaction context, and analytical parameters. Confidentiality framework executed before any substantive disclosure of methodology or work product.
The Firm — Engagement
A disciplined sequence — engage, assess, report.
ESRM engagements proceed through three sequential phases. Each phase has a defined purpose and a defined gate. Operational detail is provided to engaged clients within the executed Engagement Letter framework, which is delivered following preliminary scoping under the ESRM Mutual Non-Disclosure Agreement.
Framework applied to data.
Application of ESRM's analytical framework to engagement data. The framework is fixed; the inputs vary. The work product is institutional, performed by the firm through its platform.
Delivery and continuity.
Delivery of the Final Risk Assessment Report. Report composition is calibrated to the engagement's scope and ordinarily includes weighted risk metrics and prioritized observations. Ongoing engagement as appropriate to the matter.
"When a measure becomes a target, it ceases to be a good measure."
Goodhart's Law — applied to every engagement.
Fees
Fee posture
ESRM's fees are flat analytical fees tied to engagement scope and complexity. Fees are not contingent, percentage-based, or commission-based. A detailed fee schedule is provided with each Engagement Letter package.
Documentation
Governing documentation
The specific scope, fees, conditions, deliverables, timelines, dispute resolution procedures, limitations of liability, indemnification obligations, and other rights and obligations of any engagement with ESRM are governed exclusively by a written Engagement Letter executed by ESRM and the client, which incorporates by reference the ESRM Disclaimer, Limitations of Engagement, and Preventative Measures.
Inquiries
ESRM ordinarily responds to qualified inquiries within two business days.
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