Wake Up Call: Nonlawyer-Owned Legal Firms Launch in Arizona

In today’s column, Simpson Thacher and Reed Smith steered as private-equity firm Silver Lake invested in e-discovery software company Relativity; Mintz had 33.5% PEP growth in 2020 while WilmerHale got big revenue growth in its transactional work; a Nigerian-born woman who worked full-time and raised children through law school passed the California bar exam after 12 tries.

• Leading off, the Arizona Supreme Court this week approved the first two licenses under the state’s new rules—the first in the U.S.—that allow nonlawyers to co-own law firms and other legal service operations. Both Trajan Estate LLC, which provides estate-planning services, and ...