JordanFurlong + r&d   32

Are Incubators Only For Big Law? Austrian Firms Show Collaboration Is The Answer – Artificial Lawyer
By pooling resources between seven firms, and then bringing in the support of local universities and other bodies, the law firms (see below), which include major local brands such as Dorda, Schönherr and Wolf Theiss, have been able to put together what they may not have been able to do on their own.

For example, although Dorda is a well-known and leading firm in Austria and the region, it has less than 100 lawyers in total – and devoting fee earner time to creating and running an incubator would be a strain. But, if you combine a firm of this size with the firms below, then they have the resources of a far larger business.

Although the LTHV doesn’t appear to have gone down that road yet, another opportunity here could be to pool anonymised contract data to help NLP/ML start-ups – something that Singapore is planning to do.

Overall, this collaborative approach could be a model for law firms in other parts of the world that also want to explore working directly with start-ups and scale-up legal tech companies, but that feel limited in terms of resources. 
innovation  firms  incubator  r&d  collaboration 
july 2019 by JordanFurlong
Forum Magazine: A Safe Space for Innovation — Law Firms Creating “Captive ALSPs” | Legal Executive Institute
oday’s market for alternative legal service providers (ALSPs) has become larger, quickly growing and more broadly adopted by clients looking for more nimble or lower cost options to law firms alone.

In response to clients’ needs, ALSPs are leveraging different business models, emerging in all shapes and sizes from the Big Four accounting firms to small, tech-savvy disruptors, according to a new report on the sector from Thomson Reuters Legal Executive Institute, in partnership with Georgetown University Law School’s Center on Ethics and the Legal Profession, the University of Oxford Saïd Business School, and legal research firm Acritas.

One of these new formations — captive ALSPs — has seen law firms seek to regain their competitive edge in the market by essentially creating in-house ALSPs that can allow the firm to pitch a wider range of services to clients and offer oversight of the work while keeping costs low. Indeed, this was the first year the report measured the impact of captive ALSPs, and it found that the new model was making “headway among law firms of all sizes in both the US and the UK.” Further, when captives are included in ALSP market totals, “the scope of the alternative legal services model and market expands significantly,” the report notes.

Lisa Hart Shepherd, CEO of Acritas, said captive ALSPs were included in the report totals this year because they’ve grown very quickly and are becoming quite commonplace within the market. “Among the large law firms, if they don’t already have an in-house ALSP, then they are looking at having one,” Hart Shepherd says. As part of the report, Acritas conducted telephone interviews with representatives of 35 ALSPs located in the US, UK, and other countries. While law firms were not willing to release the revenue or growth figures for their captive units, some noted that the units had staff that numbered in the hundreds of employees.
newlaw  subsidiaries  r&d  innovation  firms 
july 2019 by JordanFurlong
'This Is Not Greenberg Traurig': Firm Leader Touts New Innovation Venture | The American Lawyer
Greenberg Traurig chair Richard Rosenbaum recognizes that the traditional full-service law firm can’t do everything.

For clients’ primary needs—excellence in core legal areas—they’re not looking anywhere else. But when it comes to so-called “commoditized” work, they have an increasing set of options, and law firms will invariably struggle to keep up with the technology needed to compete.
His firm announced this week it was founding a subsidiary, Recurve, that will partner with artificial intelligence providers, staffing firms, real estate innovators and other startups to guide clients as well as other law firms in taking advantage of the growing range of services available. The idea is to be “innovation architects,” who identify client needs and guide them toward solutions, but won’t execute them or engage in the practice of law.

The initiative will be run out of Warsaw, Poland; Tel Aviv, Israel; and Denver, and will also include operations in strategically selected locations like Austin, Texas; Berlin; and South Florida. The 2,000-attorney firm has existing offices in all of these locations.
Rosenbaum spoke Wednesday with The American Lawyer about his vision for Recurve and what is novel about the offering.

In your own words, what is Recurve?

Over time we obviously have seen the evolution of both technology and other forms of staffing, artificial intelligence and other value-enhancing ways of addressing so-called repetitive and commoditized aspects of legal work. Because of that, there has arisen a lot of capital spending and business units within law firms, with limited success for the most part. It’s very hard to keep up with the cutting edge.
innovation  r&d  offshore  process 
june 2019 by JordanFurlong
The UK's Top Legal Tech Incubators: A Firm-By-Firm Guide | Legaltech News
This year alone has seen Slaughter and May, Clifford Chance and Ashurst all launch new initiatives. Even Barclays and PwC have taken interest with their own legal-tech focused programs.
The benefit for law firms is that they get in at the ground level with high-growth (and potentially high fee-generating) clients, or they can boost their own practices by bringing their technology in-house.

But you would be forgiven for losing track of which firm has done what. Here, Legal Week rounds up the main incubator-style programs run by U.K. Top 50 firms.
r&d  innovation 
june 2019 by JordanFurlong
Greenberg Traurig Announces the Founding of "Recurve": A First-of-its-Kind Global Shared Services Platform Transforming the Delivery of Tech, Staffing, Space, and Other Support Services for the Legal Industry | News | Greenberg Traurig LLP
Recurve's core focus areas are intended to include innovations in technology solutions, artificial intelligence, project management, alternative staffing, novel space innovations and other developing aides for lawyers and clients which do not involve the actual practice of law. 

“Recurve will work outside the traditional legal model to provide previously unavailable tools and efficiencies in the legal ecosystem, bringing together diverse talents and resources across the globe in a collaborative platform aimed at industry-wide innovation to help attorneys and clients adapt to the rapidly changing legal landscape,” said Richard A. Rosenbaum, Executive Chairman of Greenberg Traurig. “We are pleased to establish this unique and nimble business, initially as a wholly-owned subsidiary of Greenberg Traurig. Utilizing investments by strategic partners involved in its core disciplines and other equity investors experienced in the space to fund its capital requirements and operational needs, Recurve is intended to become the first law-firm founded, third-party financed global collaboration platform solely focused on creative innovation in the support of the delivery of legal services.”

Recurve will be staffed by a lean and experienced team of innovation "architects", well versed in client needs, the advantages of the traditional law firm model and the wide array of growing resources in the legal innovation marketplace. This team will serve as the point of contact for Recurve's clients to identify their needs and design appropriate solutions; but it will not itself execute them or otherwise engage in legal practice. 
innovation  offshoring  r&d 
june 2019 by JordanFurlong
Eversheds Sutherland Announces Innovation Partnership with Fastcase on Artificial Intelligence (AI) Sandbox - Eversheds Sutherland
Eversheds Sutherland is pleased to announce a partnership with Fastcase, the leading next generation legal research service in the US, on a first-of-its-kind Artificial Intelligence (AI) Sandbox. Founded on the precept that data and intelligence can drive better solutions for clients, the Eversheds Sutherland AI Sandbox provides a platform for the global practice to innovate proprietary products for clients. 

To formally launch the partnership, Fastcase CEO Ed Walters provided an exclusive seminar and training in Eversheds Sutherland’s Atlanta office on April 18. Eversheds Sutherland is the first legal practice to receive the training, which was attended by Eversheds Sutherland Co-CEO Mark D. Wasserman along with other attorneys and members of the innovation, legal technology, research services and financial teams. 
robo  publishers  innovation  r&d 
may 2019 by JordanFurlong
Eversheds rolls out app to capture internal innovation ideas - Legal Futures
A global law firm has implemented a web-based crowdsourcing app to harness innovative ideas from its thousands of employees worldwide.

IdeaDrop, an off-the-shelf product used by other large companies, was adapted by Eversheds Sutherland, which has 66 offices in 32 countries. It has been piloted and since last week is being rolled out among the legal practice’s 5,000 staff. It has already accumulated over 100 suggestions.

Similar to social media platforms, the app allows users to ‘drop’ an idea, which other users can comment on, share, like and rate.

Users can also ‘drop’ a challenge, using the app as a crowdsourcing platform in an effort to find solutions to particular problems. The firm monitors the online results and the intention is that the best ideas will be captured and put into effect.

Lee Ranson, Eversheds’ co-chief executive and former managing partner, said: “As our scale and reach grows we want to continue to drive innovation across the business globally, harnessing the creativity of our people to help deliver our strategy.

“The beauty of IdeaDrop is its simplicity and inclusivity – it allows everyone to be a part of making change happen, regardless of their role or geographical location.”

He told Legal Futures that the platform had been piloted among around 500 people in the firm’s partner group from July 2018, following a conference in New York.
innovation  crowdfunding  firms  laterals  r&d 
november 2018 by JordanFurlong
Elevate Acquires LexPredict, Expanding Capabilities in Artificial Intelligence and Data Science - Elevate
LOS ANGELES – November 14, 2018 – Global law company Elevate today announced the acquisition of enterprise legal AI technology and consulting firm LexPredict. The move combines the comprehensive legal services offering of Elevate with the data science team and AI engine of LexPredict, creating more sophisticated technology-enabled solutions for law departments and law firms.
mergers  robo  competition  newlaw  r&d 
november 2018 by JordanFurlong
MDR LAB Start-Up Incubator: What The Lawyers Really Thought – Artificial Lawyer
I wasn’t originally signed up to help with MDR LAB, but I became involved because a number of us were asked to give views on the utility of software that one of the start-ups had developed. I instantly hit it off with the crew at Ping – I found them to be incredibly smart, forward-thinking and spirited people. I saw in them that technology can be used to make us better lawyers in every respect – in other words, I realised that being tech-savvy is not a goal unto its self. I also appreciated the opportunity to bounce around ideas with people who, with an abundance of entrepreneurial flair, are on the crest of a wave in the development of their business. They are filled with energy and creative flow. Even though Mishcon de Reya is known to be a particularly creative and dynamic firm, the buzz from the Lab’s start-ups was something quite special and out of the ordinary.
startup  incubator  innovation  r&d 
february 2018 by JordanFurlong
Clyde & Co launches tech initiative with UCL to develop client products
Following the trend of tech incubator programmes  set by City firms, insurance heavyweight Clyde & Co has launched a data analytics lab to develop products and services for its clients.

The new initiative is being ran in conjunction with University College London (UCL), with which the firm has a longstanding relationship.  
incubator  r&d 
december 2017 by JordanFurlong
Law Firm Creates Internal ‘Skunkworks’ to Develop Tech – Big Law Business
Orrick Herrington & Sutcliffe LLP has long represented technology startups and companies, and now its leadership is hoping it can convince clients that some of that innovative spirit has rubbed off on its own lawyers.

The San Francisco-headquartered firm recently hired three developers to staff an internal technology ‘incubator,’ called Orrick Labs, that aims to turn lawyers’ ideas about how to achieve greater efficiency into reality.

By making a concerted, publicized effort to invest in technology, Orrick joins a growing number of law firms seeking to shake off the boilerplate reputation of law firms as stale organizations that cling to outmoded and inefficient work methods. Instead, the firm wants to be known as responsive to client demands for better value and efficiency. It has already unveiled or is developing tools such as a collaboration and workflow tool for lawyers to organize or draft documents.

“This is a small skunkworks operation,” said firm chairman Mitch Zuklie about Orrick Labs. “We’re not going to build [something] and see if they come. Everything will be thoughtfully designed.”
incubator  firms  r&D  innovation 
november 2017 by JordanFurlong
Kennedys creates new route to partnership for employees with ideas - Legal Futures
Karim Derrick, head of research and development at Kennedys, said: “This is actually providing a new route to partnership for young lawyers. It encourages them to combine their legal skills with modern entrepreneurship skills.

“Partners, assistant solicitors, paralegals, IT people – it doesn’t matter where the best ideas bubble to the surface. They can stay with it, and become CEO of their product, if they want, or simply have the idea and let other people turn it into reality.”

Mr Derrick said the ideas are crowd-sourced using the software Ideawake, enabling anyone to “post their ideas” onto a kind of social network, which other members of the firm can ‘like’ or comment on.

The ideas then pass through a series of ‘gates’ before they are ready for development. The first ‘gate’ is getting enough likes or positive comments from colleagues. At this point Mr Derrick said he will help develop the ideas into business cases, along with Tom Gummer, a solicitor who in a previous life was the founder of a tech start-up.

Members of staff will then be invited to pitch their projects to a panel of partners on the law firm’s research and development board, in a similar way to Dragon’s Den, before a decision is made to invest and build a prototype.
innovation  r&d  partners 
july 2017 by JordanFurlong
Law firm failure--the good kind
It’s easy (and accurate) to pick on lawyers for Luddism, especially when they agglomerate in BigLaw. But Akerman’s R&D Council is one of many bright spots in the BigLaw firmament. From Dentons’ NextLaw Labs to SeyfarthLean to an increasingly long list of law firms combining legal expertise with business process and technology to create saleable products that go beyond billable hours, there are real attempts at innovation even in what has been considered the most conservative corner of the legal ecosystem. (Disclosure: The author is on the board of advisors of NextLaw Labs).
r&d  innovation 
march 2016 by JordanFurlong
Prism Legal R&D in Big Law - Prism Legal
n June 2015 I wrote a blog post Law Firm R&D Initiatives Grow – Time for a League Table? In March 2016, after reading about another firm to announce an R&D initiative, I decided to create this page, which lists large law firms that I have identified as having formally announced or publicized research and development (R&D) initiatives.

As I noted in my blog post, what counts as real R&D may not always be clear:
r&d 
march 2016 by JordanFurlong
Ashurst overhauls service delivery with R&D arm | The Lawyer | Legal News and Jobs | Advancing the business of law
“What is really different about Ashurst Advance is the integrated approach to innovation in service delivery, application of new technologies and investment in R&D,” said Polson. “This combination will bring significant advantage to clients by ensuring that work of the highest quality is delivered by the right people, supported by cutting-edge technologies and robust process.”

“Embedding an R&D capability is an essential development for the firm and its clients,” added Higgs. “R&D is at the core of successful businesses in many other sectors but to date in legal it has rarely been given the focus it deserves. We have to keep evolving our approach to meet and guide client needs and the commitment to this area is a clear signal of Ashurst’s intention to take a lead on service innovation.”

Ashurst Advance will focus on three areas relating to the delivery of legal services: resources, process and technology.
r&d  innovation 
march 2016 by JordanFurlong
LegalX launching legal innovation challenge with Canadian law firm Blakes | BetaKit
To bring that vision further to reality, LegalX and Blakes — one of Canada’s leading law firms — are launching a global innovation challenge for entrepreneurs, developers, and founders in February. The challenge will last around three to four months with the goal of solving a problem relevant to BigLaw and Blakes. “In Blakes, we expect that the challenge won’t be a narrow one, but will involve a much broader group of technologists – that’s part of what makes this relationship and challenge really exciting,” Solomon said.
firms  innovation  R&D 
february 2016 by JordanFurlong
Akerman - News & Publications - Akerman and Thomson Reuters Legal Managed Services Announce Collaboration On Groundbreaking U.S. Data Privacy and Security Legal Service Offering
Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, today announced the advent of the Akerman Data Law Center, a dynamic, technology-driven, data privacy and security law service offering developed in collaboration with Thomson Reuters Legal Managed Services.

The Akerman Data Law Center will provide tailored research, multi-jurisdictional surveys and regulatory gap analyses in a wide array of data and privacy risk areas empowering clients to quickly and cost-effectively understand and handle routine compliance matters while mitigating risks before they become crises. With Akerman's multi-disciplinary team of regulatory compliance and data law lawyers within reach, the firm can also provide legal interpretation and day-to-day counseling specifically tailored to each client's distinctive situation and needs.

"We recognize that in most areas of data law today, such as privacy, security and records retention, the number of relevant laws and regulations is too vast and fast-growing for most individual clients to cost-effectively maintain," said Martin Tully, co-chair of Akerman's Data Law Practice. "The Akerman Data Law Center enables our clients to keep pace with business-critical data laws by extending their in-house capabilities and improving business efficiency."
data  innovation  analytics  r&d  compliance 
november 2015 by JordanFurlong
National firm invests in online disruptor
National firm Gilbert + Tobin has invested in online legal services provider LegalVision, providing funding that will help drive its growth and an expansion of its services.

The investment will create opportunities for Gilbert + Tobin and LegalVision to collaborate and serve the needs of larger commercial clients with efficiently delivered, quality legal solutions.

Gilbert + Tobin managing partner Danny Gilbert said: “For a while now we have been examining how the use of new technology and processes can provide efficiencies and improvements for current and future clients.”
r&d  competition  newlaw  australia 
november 2015 by JordanFurlong
An Interview With….Dan Jansen, chief executive of Dentons’ tech investment arm NextLaw Labs | Legal IT Insider
We are in a target rich environment where the $600B global legal industry can be re-invented in numerous ways.  The technology can be sophisticated, like the cognitive computing technology we have invested in to perform expert legal research, or quite basic, using off-the-shelf technologies. We cannot discuss specific ideas we are pursuing currently, but we see and can share a series of trends where many of the opportunities lie. The growth of the legal operations departments within corporate legal departments is a basic trend that represents a partner for us in re-inventing how legal services are managed.  We share the goal of faster, better, cheaper legal solutions. Other trends include the automation of compliance and risk management, e-discovery, automated due diligence, e-document review, virtual data rooms, document automation, matter management, expert legal research, staffing services, IP litigation tools, expert decision support, and legal analytics, among others.
innovation  r&d  firms  robolawyer  it 
october 2015 by JordanFurlong
Baker Donelson planning cyber business accelerator
A Memphis, Tenn.-based law firm will launch an Atlanta business accelerator built around cybersecurity.
innovation  r&d 
september 2015 by JordanFurlong
Dentons, IBM Eye Legal Tech Market | Big Law Business
At the same time, IBM has agreed to grant one year of free use of Bluemix, a cloud platform with more than 100 tools for building apps and products, to the start ups that NextLaw invests in.

Dentons kept both announcements general, declining to disclose the size of its investment in ROSS, the financial arrangement of its the partnership with IBM, and even how any start ups could use Bluemix. NextLaw CEO Dan Jansen said ROSS had moved some personnel into its Palo Alto headquarters, but said all other details will be kept private until the accelerator made future announcements, in the coming weeks.

ROSS Intelligence, developed by a group of students at the University of Toronto, aims to use IBM Watson’s technology so that lawyers can ask it a legal question and receive a specific answer. This compares to other programs that may return of a list of relevant documents, but not a specific legal response. Dentons lawyers will help train ROSS, so that it gives better, more relevant answers, said Jansen.
robolawyer  R&D 
august 2015 by JordanFurlong
U of T students’ artificially intelligent robot signs with Dentons law firm - The Globe and Mail
However, the boost from being connected to the world’s largest law firm is undeniable, co-founder Andrew Arruda said, as the startup develops the tool into something law firms will be able to use off the shelf.

“It’s early days for sure,” Mr. Arruda said. “But what we are seeing is Ross grasping and understanding legal concepts and learning based on the questions and also getting user feedback. … Just like a human, it’s getting its experience in a law firm and being able to learn and get better.”

Joe Andrew, the global chairman of Dentons, said in an interview that the investment in Ross was exactly the kind of project NextLaw Labs was meant to take on, a promising technology that needs a law firm onside to help develop it into something lawyers will actually use: “We all recognize that the biggest problem for technology and the law is to get lawyers to actually adopt it.”
robolawyer  r&d 
august 2015 by JordanFurlong
The Global Lawyer | Dentons links up with IBM to push ahead on legal IT research
NextLaw Labs, the Dentons IT research arm, is working with IBM on a joint technology platform which will allow rapid testing and development of new legal apps by specialist start-ups.
Joe Andrew, chair of Dentons, said: 'This is an important moment in our profession. Joining the world’s largest law firm with the world’s leading technology provider is just one of the ways that NextLaw Labs is working to transform the legal industry.' 
R&D  startups  it 
august 2015 by JordanFurlong
R&D for law firms: Can we learn from Corporate America?
, to get the juices flowing, we’ll toss out some thoughts – again, underscoring that what each firm chooses need to relate to their own specific issues and opportunities.  A few possibilities include:
Explore the opportunities and business practices of adjacent practice areas
Engage in more robust business intelligence efforts – on industries, clients and prospects
Beta test new technologies that may enhance efficiencies or effectiveness
Conduct external audits to see how the market (prospect clients or laterals) may view your firm
Examine more directed client management and cross-serving initiatives
Assess different training and development approaches
Pilot new pricing initiatives in one or two practice areas
Try out more efficient recruiting solutions
Pilot succession planning alternatives
A/B test different allocations of marketing funds to different partners
Explore conferences or other industry-specific venues to interact and keep top of mind with clients and prospects
Invest in “free days” – where the client team at a firm offers to spend a day at the client’s office – and the client sets the agenda, “off the clock.”  The purpose is to better understand the client’s business issues and help cement the relationship with that client.
Consider augmenting your secondments program – maybe a two-way street with your clients?
Etc., etc.
r&d 
august 2015 by JordanFurlong
Chicago Lawyer - Bryan Cave asks ... what if the associates ran the asylum?
I have never seen a firm do anything like this,” he said. “What I have never seen is an internally driven, ongoing training program that really invites associates to take the reins. This is Bryan Cave doing a little R&D in their future. It’s an experiment.”
Generation gap

Generational transition has vexed lawyers ever since they entered into partnerships. But the current and pending transference of power will present new challenges, all highlighted during the Bryan Cave associate seminar
r&d  firms  laterals  innovation  p 
july 2015 by JordanFurlong
Prism Legal Law Firm R&D Initiatives Grow - Time for a League Table? - Prism Legal
Dentons issued a press release in May reporting that its new venture, NextLaw Labs,  is “a global collaborative innovation platform focused on developing, deploying, and investing in new technologies and processes to transform the practice of law around the world.” The NextLaw Labs website is worth reading.
Allen & Overy, reports The Lawyer (7 April 2015), “invests seed corn funding into “experimental” technology group i2. The firm “is launching an experimental ‘ideas and investment’ group aimed at developing new technology-related opportunities, including in the area of artificial intelligence (AI).”
Ackerman launched an R&D Council in April 2014. The press release says “Akerman holds regular learning labs and innovation tournaments firm-wide to help bring new ideas to the market.”
I  periodically bemoan the lack of large law firm R&D, so was pleased to see these, even without knowing spend levels or outcomes. Formal R&D initiatives in Big Law heralds a new era.
R&d 
june 2015 by JordanFurlong
Dentons Rolls Out NextLaw Labs to Develop New Technologies | Legaltech News
The Am Law 100 global law firm, which is based in London, this week announced the launch of NextLaw Labs, an innovation platform designed to develop, deploy and invest in new technologies and processes. The firm has lofty aspirations “to transform the practice of law around the world,” according to Dentons’ Global Chairman Joe Andrew.
r&d 
may 2015 by JordanFurlong
Dentons - Dentons Launches NextLaw Labs Creates Legal Business Accelerator
Dentons, the global law firm, today announced that it is launching NextLaw Labs, a global collaborative innovation platform focused on developing, deploying, and investing in new technologies and processes to transform the practice of law around the world.
r&d 
may 2015 by JordanFurlong
Prism Legal Allen & Overy Legal Tech Initiative - R&D at Last but a Question - Prism Legal
I have long suggested that law firms invest in research and development to deliver more value to clients. Now one has. The Lawyer (UK, April 7) writes in Allen & Overy invests seed corn funding into “experimental” technology group i2 that the firm is funding and

“launching an experimental ‘ideas and investment’ group aimed at developing new technology-related opportunities, including in the area of artificial intelligence (AI).

The firm said the group, known as “i2”, consists primarily of several of its younger lawyers as well as technology specialists.”

A&O has an impressive innovation track record, including the first (or among the first) to open a low cost center in Belfast in 2010. In May 2014, it published a white paper, Unbundling a market – The appetite for new legal services models. It also offers Peerpoint, a flex lawyer service and online legal services.

So this legal tech initiative takes another big step to stay ahead of the market. For that, I applaud the firm.
r&d  it  robolawyer  innovation 
april 2015 by JordanFurlong
Legal Innovation Incubator — Medium
That said, the CBA hasn’t completely figured out what a legal incubator looks like, and the recommendation came with a number of disclaimers that further consideration of this idea was required. In the United States, there has been an influx of legal startups, many backed by tech investors, that are starting to create change in the legal industry. In Canada, the start-up community is smaller, as is the pool of investment funds. Before a full-blown CBA incubator is built, a closer dialogue between these startups and the bar would be a good start.
incubator  r&d 
november 2014 by JordanFurlong
Law firm partners should be investing | LinkedIn
As an adviser to large law firms on business and technology matters for more than 15 years, it also hasn’t escaped me how little these firms invest in strategic technology, new product development or R&D. I understand it can be difficult for a professional service business to think in terms of “products” and strategic technology. But I believe that this, much to the dismay of many law firms, creates an innovation imbalance that a growing list of start-ups are clearly capitalizing on — and investors are betting on.
r&d 
july 2014 by JordanFurlong

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