Well wether it is a recognised way or not I don't know and I am going to make an assumption that you are reffering to a stright blade screwdriver. The way I was taught was to square off the tip then face the blade facing upwards on the grinding wheel with the centerline of the wheel below the tip by a guesstimate according to the size of the blade and grind a hollow, turn the blade and do the same on the other side. This effectively makes the blade straight on the potion that enters the slot and prevents cam-out and even on crappy screws with a stamped slot,(that is more of a V), you still get good bite at the root of the slot. If you have a close look at some of those interchangible bits or a Gunsmith set of drivers you will see what I mean. Tapered blades are a P.I.T.A. espescially if used on a worn/damaged screw.
That's my 2 cents worth.