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Always funny when Biglaw firms get worked up about legal opinions

At my old biglaw firm, these would be a battle. Now at my...
crimson arousing filthpig
  07/24/17
...
hairraiser seedy hairy legs dysfunction
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
Nubile lettuce
  07/24/17
...
mischievous odious spot telephone
  07/25/17
There's no reason to give opinion letters unless it's some h...
contagious jade crackhouse
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Cheese-eating gaping
  07/24/17
i thought you meant like an alarm would go off and the inter...
supple set ceo
  07/24/17
...
aggressive menage
  07/25/17
TWO. PARTNER. APPROVAL.
Deranged quadroon wrinkle
  07/24/17
...
motley crusty chad
  07/25/17
rofl holy shit legal opinions are so faggot
Cheese-eating gaping
  07/24/17
we literally have an "opinion committee" of a half...
hairraiser seedy hairy legs dysfunction
  07/24/17
(Could be a lot of firms but most recently skadden)
smoky thirsty library
  07/25/17
huge fags itt
snowy karate
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Cheese-eating gaping
  07/25/17
...
smoky thirsty library
  07/25/17
Opinion committees ime are always comprised of two or three ...
Sienna Excitant Location
  07/24/17
...
hairraiser seedy hairy legs dysfunction
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
cyan aphrodisiac orchestra pit
  07/24/17
...
histrionic ocher gas station hominid
  07/25/17
rofl cr
Cheese-eating gaping
  07/25/17
would also have accepted "here is our weighty legal opi...
Cheese-eating gaping
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: crimson arousing filthpig

At my old biglaw firm, these would be a battle.

Now at my boutique, we basically just give the lender whatever they reasonably request....knowing that the odds they are ever enforced is basically zero and our clients prefer we spend their money on more important things.

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847500)



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Date: July 24th, 2017 10:04 PM
Author: hairraiser seedy hairy legs dysfunction



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847548)



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Date: July 24th, 2017 10:07 PM
Author: Nubile lettuce

No shit the client doesn't care if the law firm's opinion is shit because it is the firm's ass/reputation on the line if the opinion is wrong.

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847566)



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Date: July 25th, 2017 12:52 AM
Author: mischievous odious spot telephone



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848863)



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Date: July 24th, 2017 10:02 PM
Author: contagious jade crackhouse

There's no reason to give opinion letters unless it's some huge deal and they are paying you a ton.

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847533)



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Date: July 24th, 2017 10:04 PM
Author: Cheese-eating gaping

legal opinions in securities offerings are fucking hilarious

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847549)



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Date: July 24th, 2017 10:03 PM
Author: supple set ceo

i thought you meant like an alarm would go off and the intercom "please report to the conference room, the 9th circuit just issued five opinions with 20 plus page opinions. we have ice cream."

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847536)



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Date: July 25th, 2017 12:37 AM
Author: aggressive menage



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848760)



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Date: July 24th, 2017 10:03 PM
Author: Deranged quadroon wrinkle

TWO. PARTNER. APPROVAL.

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847541)



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Date: July 25th, 2017 12:59 AM
Author: motley crusty chad



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848903)



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Date: July 24th, 2017 10:04 PM
Author: Cheese-eating gaping

rofl holy shit legal opinions are so faggot

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847545)



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Date: July 24th, 2017 10:06 PM
Author: hairraiser seedy hairy legs dysfunction

we literally have an "opinion committee" of a half dozen partners. almost impossible to get anything done

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847555)



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Date: July 25th, 2017 12:37 AM
Author: smoky thirsty library

(Could be a lot of firms but most recently skadden)

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848750)



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Date: July 24th, 2017 10:06 PM
Author: snowy karate

huge fags itt

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847557)



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Date: July 25th, 2017 12:05 AM
Author: Cheese-eating gaping

(gunner non-equity partner on his firm's opinion cmmttee)

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848533)



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Date: July 25th, 2017 12:37 AM
Author: smoky thirsty library



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848755)



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Date: July 24th, 2017 10:06 PM
Author: Sienna Excitant Location

Opinion committees ime are always comprised of two or three rainmakers who have no idea what theyre signing (except the tax weirdo) and are never there to sign it

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847563)



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Date: July 24th, 2017 10:08 PM
Author: hairraiser seedy hairy legs dysfunction



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847577)



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Date: July 24th, 2017 10:14 PM
Author: cyan aphrodisiac orchestra pit

We have reviewed all the stuff. If the data is accurate and the agreement terms are as presented by the issuer and the financial statements are accurate then we think your okay. But we cant say anything about any of thoee thongs because they are all someone else's responsibility. Xoxohth!

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847624)



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Date: July 25th, 2017 12:03 AM
Author: histrionic ocher gas station hominid



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848524)



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Date: July 25th, 2017 12:03 AM
Author: Cheese-eating gaping

rofl cr

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848526)



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Date: July 25th, 2017 12:04 AM
Author: Cheese-eating gaping

would also have accepted "here is our weighty legal opinion on the transaction in question: {2 paragraphs}. and here are our exceptions and qualifications: {9 pages}."

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848530)