Optimism is the prevailing mood in the Minneapolis legal market. Home to major law firms including Faegre Baker Daniels, Fredrikson & Byron and Dorsey & Whitney, the area has more than 1,760 lawyers working at NLJ 350 law firms.
The metro area benefits from a diverse economic base that ranges from medical-products companies including Medtronic Inc. and high technology manufacturers like 3M Co. Earlier this year, the Federal Reserve Bank of Minneapolis forecast robust growth for Minnesota with unemployment dropping to 4.7 percent during the fourth quarter, well below the national rate of 7.6 percent.
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