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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...
balding people who are hurt
  07/24/17
...
Flickering bright double fault native
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
Zombie-like red partner
  07/24/17
...
concupiscible theater stage jewess
  07/25/17
There's no reason to give opinion letters unless it's some h...
dun temple
  07/24/17
legal opinions in securities offerings are fucking hilarious...
disturbing hell roommate
  07/24/17
i thought you meant like an alarm would go off and the inter...
naked idiot really tough guy
  07/24/17
...
arousing opaque church building fat ankles
  07/25/17
TWO. PARTNER. APPROVAL.
Ruby Learning Disabled Quadroon
  07/24/17
...
mewling bistre box office coffee pot
  07/25/17
rofl holy shit legal opinions are so faggot
disturbing hell roommate
  07/24/17
we literally have an "opinion committee" of a half...
Flickering bright double fault native
  07/24/17
(Could be a lot of firms but most recently skadden)
Grizzly Abode National Security Agency
  07/25/17
huge fags itt
haunting home multi-billionaire
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
disturbing hell roommate
  07/25/17
...
Grizzly Abode National Security Agency
  07/25/17
Opinion committees ime are always comprised of two or three ...
bat shit crazy razzle parlor depressive
  07/24/17
...
Flickering bright double fault native
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
vengeful forum knife
  07/24/17
...
exciting marketing idea brunch
  07/25/17
rofl cr
disturbing hell roommate
  07/25/17
would also have accepted "here is our weighty legal opi...
disturbing hell roommate
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: balding people who are hurt

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: Flickering bright double fault native



(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: Zombie-like red partner

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: concupiscible theater stage jewess



(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: dun temple

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: disturbing hell roommate

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: naked idiot really tough guy

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: arousing opaque church building fat ankles



(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: Ruby Learning Disabled Quadroon

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: mewling bistre box office coffee pot



(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: disturbing hell roommate

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: Flickering bright double fault native

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: Grizzly Abode National Security Agency

(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: haunting home multi-billionaire

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: disturbing hell roommate

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

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



Reply Favorite

Date: July 25th, 2017 12:37 AM
Author: Grizzly Abode National Security Agency



(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: bat shit crazy razzle parlor depressive

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: Flickering bright double fault native



(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: vengeful forum knife

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: exciting marketing idea brunch



(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: disturbing hell roommate

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: disturbing hell roommate

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)