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Salary Overview

Fredrikson & Byron Salary Overview, Fredrikson & Byron Salary, Fredrikson & Byron Benefits

We know our attorneys are more than their jobs.  They’re family members, parents, friends, unique individuals with diverse background and insights, experiencing milestones, triumphs and everyday concerns outside the scope of professional lives. Our attorneys work hard and we pay them well for that good work, but we also honor their sense of balance and work hard to help protect it.

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Nancy Howard
Manager of Legal Recruiting

Salary

Attorney salaries vary by geographic region. Our starting base salary in Minneapolis is $125,000 with a par of 1,775 hours; this jumps to $140,000 for 1,850 hours as explained below. We offer production bonuses in all U.S. offices for associates with at least 1,775 billable hours. In Minneapolis, we offer an hourly production bonus for creditable hours between 1,775-1,849. Alternatively, the wages of those who reach 1,850 creditable hours instead jump from $125,000 to $140,000, with an additional hourly production bonus for creditable hours in excess of 1,850. For example, a first-year Minneapolis associate with 1,800 hours could earn approximately $127,484 ($125,000 + production bonus); an associate ending the year with 1,900 hours could earn approximately $144,969 ($140,000 + production bonus).


Definitions

Billable hours: Billable hours is meant to include only those hours intended to be charged to a client. (These do not include pro bono.)

Creditable hours: Creditable hours include billable hours and credit received for pro bono (up to 100 hours) and management time (billed at 75%).

Par: This is our expected minimum annual creditable hours for associates.  


Billable Hours

Other regional law firms may set higher minimums. We believe, however, that our system establishes a fair minimum while providing equal pay for equal work when compared with any of our peers. Our approach reflects our practice philosophy.

  • We avoid staffing projects with more than a minimum number of appropriately experienced lawyers.

  • We serve a large number of medium-sized business clients, which encourages early assignment of direct client contact and increasing responsibility to associates.

  • We work on complex litigation cases and Fortune 500 company transactions but associates are rarely locked into lengthy exclusive engagements.

We strive above all to provide the best work turn-around possible with the goal of exceeding our clients’ expectations in our responsiveness and availability. We therefore work as hard and long as it takes to get the job done right. Many associates consistently exceed our par.