RPT-REUTERS SUMMIT-Expect more Norwegian firms to go public - state fund boss

(Repeats to add FUND to story slug)

By Terje Solsvik and Gwladys Fouche

OSLO, Sept 30 (Reuters) - Investors should expect more Norwegian companies to go public in the near future as they search for capital to grow their business, the head of Norway's largest domestic-focused investment fund said on Monday.

"We will see more companies coming to the stock exchange now, new companies coming and seeing some capital there," Olaug Svarva, managing director of Folketrygdfondet, said in an interview at the Reuters Nordic Investment Summit.

The state-owned fund, which has some $25 billion under management, invests mostly in Norwegian bonds and stocks, including all the major companies in the Nordic country such as Statoil and telecoms group Telenor.

"Given the return you get on the fixed income markets, the stock market still looks interesting - even though we have had more than a doubling (in value) over the last five years," Svarva said at the summit, held at the Reuters office in Oslo.

She expected Norwegian companies to be generally averse to risks as the world economy slowly picks up from the doldrums, however.

"I think the companies will generally be careful with their balance sheets and their risk profile," she said.

Folketrygdfondet has investments in the other Nordic countries too, accounting for some 15 percent of its portfolio.

The fund is separate from Norway's $780-billion sovereign wealth fund, the so-called oil fund, which invests exclusively in stocks, bonds and property outside Norway.

Follow Reuters Summits on Twitter @Reuters_Summits . (Editing by Mark Trevelyan)

View the original article here

Consider Law Schools With In-House Firms, Incubators

Incubators at law schools can help recent graduates get their firms off the ground.

After Nicholas Edelson graduated from law school in 2003, it took him years to find his niche as an attorney working with subprime mortgages.

Just when he was comfortable, the subprime market took a turn for the worse.

"By the time the bubble collapsed in August of 2007, I was in contract to buy my own place, my wife was pregnant and my own business was going right down the tubes," says the City University of New York graduate. "I joined the incubator right after that."

[Evaluate law professors before choosing a school.]

Edelson was a member of the inaugural group admitted to the Incubator for Justice program at CUNY. The incubator provides between eight and 10 law graduates with training and mentoring as they start their own practices serving disadvantaged communities. Attorneys stay in the incubator for about 18 months.

The school created the first law school incubator, says Lisa Reiner, interim director of the Community Legal Resource Network at CUNY. Since then possibly a dozen schools have started similar programs, which have some similarities to a school's legal clinic.

One main difference is the number of cases someone may handle. A law student may have one or two cases through a school clinic. A law graduate in an incubator may have 25 cases.

Schools that provide new attorneys with the option of joining an incubator or a similar program can be enticing to prospective law students.

"A number of people come to law school saying 'My goal is to set up a community practice,'" says Reiner. "It's very hard to just do it on a dime with no community and no support. So that's an attractive option for people who have that idea and they want to do that. It's also attractive as the landscape changes as far as what options there are for lawyers to practice. The option of practicing on one's own becomes more attractive to people."

[Learn how to discuss diversity in law school applications.]

At the Pace Community Law Practice, which opened in September, law graduates get hands-on training serving clients who often can't afford the standard rate for legal services. Their practice areas include immigration, family law and disability rights, among other things.

"We're learning about office management, ethics, interviewing and counseling clients, advocacy," says Craig Relles, a 2012 graduate of Pace University.

After a year, fellows gain some independence and can open their own office. Relles says it's an excellent transition from law school to practicing as an attorney. But wanting to help people who can't afford legal services is imperative.

"For people who are just looking to have a job, something like this probably isn't the best thing," he says. "You need to be also committed to the work."

[Learn which law schools have the highest median LSAT.]

For Kristi Lee Graham, working at her school's incubator allowed her to jump-start her career goals. She always wanted to start her own practice but thought it would take five to 10 years.

Graham joined The Center for Solo Practitioners at the Thomas Jefferson School of Law, her alma mater, just a few months after it opened last fall. It had been less than five years since she graduated.

View the original article here