A legal-specific standard document format?
A few weeks ago, Filevine made a splash in the legal press with the announcement of their new proprietary document format of .vine that is designed and targeted for legal. The question on everyone’s lips was “ok, but why?”
We had the opportunity to chat about this with Dr. Cain Elliott, Head Legal Futurist at Filevine, and watch a live demo of their product:
“The most important IP that was lodged for legal work anywhere was in this vast repository of words and documents. The most important or impactful thing that we might able to do in this space was to extract the value from that, and allow legal professions to get that IP out - to have access to it, to be able to use it at the right place, the right time, where they need it...”
Now, is it a good idea to be creating and pushing a proprietary file format?
Our view is “generally, no”. However, we can understand why Filevine is doing this. We will be watching to see where Filevine will take this initiative, and the benefits it can potentially bring to the work that lawyers will be doing.
