Top Lawyers Sign Up to Digital Legal Directory Launched by Ex-Freshfields Partner
Lawyers from the likes of Clifford Chance, Freshfields Bruckhaus Deringer and Dentons on board for challenger service.
July 19, 2019 at 04:12 AM
2 minute read
Gareth Stephenson
Lawyers from Clifford Chance, Freshfields Bruckhaus Deringer and Hogan Lovells are among those to have signed up to a new digital legal directory launched by the former Freshfields partner who established the firm's legal services hub in Manchester.
Top 3 Legal is intended as an online rival to well-established legal directories Chambers and Partners and The Legal 500.
The company was founded by Gareth Stephenson – the partner responsible for Freshfields' legal services hub – alongside ex-Addleshaw Goddard partner Richard Fleetwood and former Ferguson and Corus Group general counsel Richard Shoylekov. The three met while lawyers at Freshfields more than 30 years ago.
The platform works by way of digital 'teamsheets'.
Companies create their own private team sheet by inviting their law firms to add their relevant lawyers by work type and location, and by their team adding any other lawyers. Stephenson claims the team sheet "clearly shows detailed profiles for all the external lawyers used by the company", and is "overlaid with recommendations and private notes from their colleagues who have worked with the lawyers".
This, he believes, allows the client to find the right external lawyer to instruct, "informed by knowledge and trust based on their shared experiences of the lawyers they have worked with".
One general counsel said they saw Top 3 "replacing the old sorts of directories", suggesting the platform can be used in the legal panel selection process.
So far, large companies to have created teamsheets include household names Novartis, Shell and Dannone. "We have a very healthy pipeline," added Stephenson, who is now CEO at the company.
Since it launched in spring, lawyers from a number of law firms and businesses have signed up to the new service, including U.S. firms Covington & Burling and Morgan Lewis, as well as Dentons, among others, according to Stephenson.
Stephenson said the idea was to create "a less cumbersome, less time-consuming and less costly" alternative to the traditional directories.
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