Tag: Salaries

Harvard vs. South Dakota Mine School

Which Grads make more?

Harvard University’s graduates are earning less than those from the South Dakota School of Mines & Technology after a decade-long commodity bull market created shortages of workers as well as minerals.

Those leaving the [SDSMT] college of 2,300 students this year got paid a median salary of $56,700, according to PayScale Inc., which tracks employee compensation data from surveys. At Harvard, where tuition fees are almost four times higher, they got $54,100. Those scheduled to leave the campus in Rapid City, South Dakota, in May are already getting offers, at a time when about one in 10 recent U.S. college graduates is out of work.via Bloomberg.

Good old fashioned job.

Man I wish we had some of them around here.

Moneyball in Law Firms

Moneyball is moving onto another major-league diamond: Big Law, where law firm chiefs—under pressure from clients to cut costs—are re-engineering law firm management, much as the Oakland Athletics’ Billy Beane did for baseball.

Exploding salaries, frequent roster changes and emphasis on short-term performance in a tight economy are just some of the sports-world realities confronting the legal industry.

via Crain’s Chicago Business.

Couldn’t happen to a more well deserving bunch of people.

I’ve worked as in-house counsel for a couple of companies and lawyers understanding NOTHING about business.  They don’t understand cash flow, human resources, receivables, etc.  It’s amazing that big law has survived as long as it has.

Big law is dying.  Everyone will be better off as a result.