LEXPERT MAGAZINE
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MARCH 2016 7
fortuna favet fortibus
MARCH 2016
VOLUME 17 NO. 5
EDITOR-IN-CHIEF:
Jean Cumming
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LEXPERT.CA
Jean Cumming
Editor-in-Chief
EDITORIAL
Dealmaking and Innovation
THIS ISSUE RECOGNIZES the Winners of the Canadian Dealmakers Awards, namely the
executives from those companies who successfully completed M&A transactions in 2015.
Congratulations to all of them (see p. 34). ese Winners know much about innovation.
Ben Hirschler wrote, in a recent Reuters report: "As the world enters an era of advanced
robotics, artificial intelligence and gene editing," nearly half of the executives surveyed by
the World Economic Forum "expect an artificial intelligence machine to be sitting on a cor-
porate board of directors within the next decade. Welcome to the next industrial revolution.
Aer steam, mass production and information technology, the so-called 'fourth industrial
revolution' will bring ever faster cycles of innovation, posing huge challenges to companies,
workers, governments and societies alike."
How about their lawyers? How can they keep up with the demand for innovation?
In order to keep pace or even get ahead of their clients' pace of change, lawyers might
consider the innovations going on in other sectors. e Tobacco-Free Initiative at Toronto's
Centre for Addiction and Mental Health is a case in point.
rough this Initiative, smoking among in-patients has been significantly reduced de-
spite the odds. is success owes in part to the fact that "clients within the forensic reha-
bilitation program have been provided with the opportunity to receive immediate feedback
on the levels of carbon monoxide in their blood… Clients are able to earn prizes by produc-
ing lower carbon monoxide levels than during baseline readings. If clients produce breath
samples over their baseline carbon monoxide level, they are provided with health teaching
on the negative impacts of smoking. is provides not only an opportunity for learning, but
also an opportunity to celebrate success in an area that traditionally focuses on failures and
consequences for rule infractions."
Just because technology is ever intensifying, and robots are on the way, does not change
the fact that innovation geared toward the positive rather than negative can be very effec-
tive. It may even lead to an Award.
