Lexpert Special Editions

Special Edition on Corporate 2018

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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8 LEXPERT | 2018 | WWW.LEXPERT.CA Castiel, Peter Stikeman Elliott LLP (514) 397-3272 pcastiel@stikeman.com Mr. Castiel is a partner in the Corporate Group and is a member of the firm's Partnership Board and Executive Committee. His practice focuses on cross- border M&A and corporate financings. He has extensive expertise in advising private equity funds, sovereign wealth funds and leading public and private companies in connection with acquisitions, divestitures and investments. Carfagnini, Jay A. Goodmans LLP (416) 597-4107 jcarfagnini@goodmans.ca Mr. Carfagnini is head of the firm's Corporate Restructuring Group, widely regarded as the leading restructuring group in the country for over 17 consecutive years. His practice includes a focus on corporate reorganizations, with an expertise in cross-border and international transactions involving the US and the UK. He has been an advisor in most recent major Canadian restructurings. Carelli, Robert Stikeman Elliott LLP (514) 397-2408 rcarelli@stikeman.com Partner and head of the Montréal Securities Group. His practice focuses on securities, corporate finance, public and private M&A and corporate governance. He advises issuers and underwriters on public offerings and private placements, purchasers, boards of directors and private equity funds on M&A transactions, and public issuers and securities dealers in connection with securities matters. Burgoyne, Terrence R. Osler, Hoskin & Harcourt LLP (416) 862-6601 tburgoyne@osler.com Mr. Burgoyne advises Canadian and international clients on complex, multi-jurisdictional transactions primarily involving private M&A, cross-border transactions, JVs and strategic alliances in the manufacturing, financial, travel, retail and services sectors. He also serves as General Counsel to Osler. Buckingham, Janice Osler, Hoskin & Harcourt LLP (403) 260-7006 jbuckingham@osler.com Ms. Buckingham is Chair of the Oil & Gas practice, which focuses on the development, acquisition and divestiture of complex energy projects, infrastructure and investments in Canada, including LNG export projects. She advises on aspects of independent power development and on contractual issues arising from industry standard agreements. Bryce, Douglas A. Osler, Hoskin & Harcourt LLP (416) 862-6465 dbryce@osler.com Mr. Bryce is a partner in the firm's Business Law group, focusing on mergers & acquisitions and securities law matters, and has acted on a number of Canada's highest-profile M&A transactions. He is currently the National Managing Partner of Osler, Hoskin & Harcourt LLP. LEXPERT-RANKED LAWYERS technological tools has been driven by our ap- proach to the practice of law. … Using reliable, state of the art technology is an important part of providing high-quality client service." e more lawyers learn about AI, and use it, it seems, the more they see its potential applicabil- ity for clients. Leanne Krawchuk from Dentons Canada LLP, told Lexpert: "We took a big step to- wards this in founding Nextlaw Labs, a business accelerator focused on investing in, developing and deploying new technologies to transform the practice of law. ese new technologies, several of which involve AI for tasks such as legal research and contract reviews, are focused on streamlin- ing processes and boosting efficiency, which should translate into cost savings for our clients. I am looking forward to being able to use these AI technologies for data site reviews and search result summaries in our M&A deals once they are ready for deployment. AI is expected to speed up the pace at which we can complete a lot of the Due Diligence. Hopefully, it will also enable us to prepare more useful Diligence Reports in rela- tion to the contracts posted to a data site in a way that that can be tailored to address or highlight certain areas of risk that a client may be most con- cerned about." But how will humans and machines learn from each other in order to advance AI for clients' benefit? At SpendMatters.com, Pierre Mitchell defines "machine learning" in a way that bears reference to this discussion. Machine Learning, he writes, "refers to computers that 'learn' from the data they process rather than relying on hu- mans for rules-based procedural programming to act upon that data. It not only discovers patterns in data but also specifically helps correlate various data inputs and key data outputs, which helps en- able predictive analytics." e level of input from humans that goes into machine learning can be placed into two streams. Mitchell explains: "In a 'supervised learning' ap- proach, human experts determine the outputs and the system 'learns' how to mimic the human experts, as well as uncover latent variables and in- teractions that humans wouldn't have spotted on their own. 'Unsupervised learning' doesn't rely on humans for direct training and stretches into the realm of deep learning." ere will be a place for both supervised and unsupervised machine learning as AI evolves in the context of providing legal services, especially in Due Diligence and analogous voluminous ele- ments. Humans will continue to develop and in- put the requirements of traditional tasks, so that they can be performed faster and more reliably. On top of that, however, there is the potential for computers to go deeper, and make discoveries that we did not know to ask for.

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