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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...
Crusty sienna dysfunction nowag
  07/24/17
...
sepia property multi-billionaire
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
galvanic weed whacker partner
  07/24/17
...
dead locus fortuitous meteor
  07/25/17
There's no reason to give opinion letters unless it's some h...
anal chocolate university
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Effete halford
  07/24/17
i thought you meant like an alarm would go off and the inter...
marvelous deep national security agency mediation
  07/24/17
...
onyx elastic band
  07/25/17
TWO. PARTNER. APPROVAL.
Big-titted parlor corn cake
  07/24/17
...
Cracking low-t lay
  07/25/17
rofl holy shit legal opinions are so faggot
Effete halford
  07/24/17
we literally have an "opinion committee" of a half...
sepia property multi-billionaire
  07/24/17
(Could be a lot of firms but most recently skadden)
aromatic beta indirect expression rehab
  07/25/17
huge fags itt
obsidian provocative french chef
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Effete halford
  07/25/17
...
aromatic beta indirect expression rehab
  07/25/17
Opinion committees ime are always comprised of two or three ...
Bat Shit Crazy Parlour
  07/24/17
...
sepia property multi-billionaire
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
angry navy headpube jap
  07/24/17
...
Peach center newt
  07/25/17
rofl cr
Effete halford
  07/25/17
would also have accepted "here is our weighty legal opi...
Effete halford
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: Crusty sienna dysfunction nowag

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: sepia property multi-billionaire



(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: galvanic weed whacker 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: dead locus fortuitous meteor



(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: anal chocolate university

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: Effete halford

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: marvelous deep national security agency mediation

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: onyx elastic band



(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: Big-titted parlor corn cake

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: Cracking low-t lay



(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: Effete halford

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: sepia property multi-billionaire

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: aromatic beta indirect expression rehab

(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: obsidian provocative french chef

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: Effete halford

(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: aromatic beta indirect expression rehab



(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 Parlour

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: sepia property multi-billionaire



(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: angry navy headpube jap

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: Peach center newt



(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: Effete halford

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: Effete halford

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)