In his keynote speech opening LEX Summit in Salt Lake Metropolis, Filevine founder and CEO Ryan Anderson emphasised platforms as the way forward for know-how for regulation corporations, criticizing the authorized know-how panorama as a fragmented and inefficient array of level options, and promising that Filevine will ship corporations a greater approach by bringing collectively all the pieces they want in a single platform.
He shared he story of a possible buyer, the follow administration chief at an Am Legislation 200 regulation agency, who, throughout a product demo of Filevine, declared it the “single pane of glass” that each lawyer desires for managing all facets of their work.
Drawing an analogy to Steve Jobs’ introduction of the iPhone – which mixed a cellphone, an MP3 participant and an web connection gadget in a single product – Anderson mentioned the authorized market is ripe for a unified platform that integrates the three core workflows of authorized follow – sturdy matter administration, doc administration, and timekeeping.
However thus far, he mentioned, no product has really achieved that. “Only a few firms are even good at one in every of this stuff – at case administration, doc administration, time and billing – virtually no person can get one in every of these proper. … No firm has ever been good at two. It’s by no means occurred. I’ve by no means seen it.”
Filevine’s dedication to its prospects, he mentioned, is to be one of the best on the earth at integrating all three of these core workflows right into a single, seamless platform.
“We’ll do it – it’s going to take time, however we are going to do it. And as soon as it’s achieved, we are going to look again on the early 2020s, possibly the mid-2020s, because the final time you checked out level options – disjointed, unconnected, disconnected level options – to do your job as a lawyer.”
Anderson mentioned that as a pupil of the tech business, and of the SaaS market particularly, he come to imagine that as markets get greater, they have an inclination to provide one winner, one market chief who captures a lot of the market worth. For case administration, he believes Filevine will probably be that winner.
“We imagine the market has spoken and the market calls for one seamless platform,” he mentioned. “Fileline would be the platform resolution for authorized.”
Later immediately at LEX Summit, the corporate will unveil quite a lot of new options. However Anderson vowed that each one of these options will probably be delivered to prospects at no additional value above what they’re at present paying.
Anderson informed the assembled prospects that he thought-about his firm’s relationship with them to be particular and distinctive.
“There actually isn’t any partnership fairly like that of a regulation agency and a case administration system. It sounds foolish, however you all work together with Filevine a whole bunch of instances a day, every consumer. Your corporations probably work together with us hundreds, if not tens of hundreds, of instances. And there are some corporations on the market who work together with us 100,000 instances each single day. So this relationship is a particular relationship.”
Earlier than he wrapped up, Anderson previewed one new product characteristic that he mentioned was impressed by buyer suggestions, notably from one of many firm’s earliest prospects. The characteristic permits customers to customise their dashboards with as much as 100 “vitals,” or key metrics, tailor-made to their particular roles inside the agency.
This enhancement displays Filevine’s deal with delivering options that meet the distinctive wants of every consumer, Anderson mentioned.
