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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...
charcoal native
  07/24/17
...
Heady Stead
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
dashing set really tough guy
  07/24/17
...
very tactful abode coffee pot
  07/25/17
There's no reason to give opinion letters unless it's some h...
maize pistol ratface
  07/24/17
legal opinions in securities offerings are fucking hilarious...
tan rigor parlour
  07/24/17
i thought you meant like an alarm would go off and the inter...
Aquamarine razzle office cuckold
  07/24/17
...
Rough-skinned Address Striped Hyena
  07/25/17
TWO. PARTNER. APPROVAL.
bat-shit-crazy thriller weed whacker trump supporter
  07/24/17
...
Bateful Sapphire Indian Lodge Boiling Water
  07/25/17
rofl holy shit legal opinions are so faggot
tan rigor parlour
  07/24/17
we literally have an "opinion committee" of a half...
Heady Stead
  07/24/17
(Could be a lot of firms but most recently skadden)
Erotic Center Toaster
  07/25/17
huge fags itt
vibrant indirect expression
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
tan rigor parlour
  07/25/17
...
Erotic Center Toaster
  07/25/17
Opinion committees ime are always comprised of two or three ...
free-loading sickened public bath degenerate
  07/24/17
...
Heady Stead
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
hyperventilating space
  07/24/17
...
learning disabled ceo philosopher-king
  07/25/17
rofl cr
tan rigor parlour
  07/25/17
would also have accepted "here is our weighty legal opi...
tan rigor parlour
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: charcoal native

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: Heady Stead



(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: dashing set really tough guy

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: very tactful abode coffee pot



(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: maize pistol ratface

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: tan rigor parlour

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: Aquamarine razzle office cuckold

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: Rough-skinned Address Striped Hyena



(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: bat-shit-crazy thriller weed whacker trump supporter

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: Bateful Sapphire Indian Lodge Boiling Water



(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: tan rigor parlour

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: Heady Stead

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: Erotic Center Toaster

(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: vibrant indirect expression

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: tan rigor parlour

(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: Erotic Center Toaster



(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: free-loading sickened public bath degenerate

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: Heady Stead



(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: hyperventilating space

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: learning disabled ceo philosopher-king



(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: tan rigor parlour

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: tan rigor parlour

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)