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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...
Talented sandwich boistinker
  07/24/17
...
Fantasy-prone French Chef
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
fiercely-loyal coiffed market ceo
  07/24/17
...
confused vibrant native tattoo
  07/25/17
There's no reason to give opinion letters unless it's some h...
High-end toilet seat
  07/24/17
legal opinions in securities offerings are fucking hilarious...
frozen therapy
  07/24/17
i thought you meant like an alarm would go off and the inter...
lascivious university potus
  07/24/17
...
Appetizing startled base juggernaut
  07/25/17
TWO. PARTNER. APPROVAL.
Ungodly Bronze Friendly Grandma
  07/24/17
...
Cracking underhanded pit
  07/25/17
rofl holy shit legal opinions are so faggot
frozen therapy
  07/24/17
we literally have an "opinion committee" of a half...
Fantasy-prone French Chef
  07/24/17
(Could be a lot of firms but most recently skadden)
drunken misunderstood locale
  07/25/17
huge fags itt
Electric national security agency
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
frozen therapy
  07/25/17
...
drunken misunderstood locale
  07/25/17
Opinion committees ime are always comprised of two or three ...
Primrose Karate
  07/24/17
...
Fantasy-prone French Chef
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
Cruel-hearted mentally impaired set
  07/24/17
...
histrionic mental disorder
  07/25/17
rofl cr
frozen therapy
  07/25/17
would also have accepted "here is our weighty legal opi...
frozen therapy
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: Talented sandwich boistinker

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: Fantasy-prone French Chef



(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: fiercely-loyal coiffed market ceo

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: confused vibrant native tattoo



(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: High-end toilet seat

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: frozen therapy

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: lascivious university potus

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: Appetizing startled base juggernaut



(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: Ungodly Bronze Friendly Grandma

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 underhanded pit



(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: frozen therapy

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: Fantasy-prone French Chef

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: drunken misunderstood locale

(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: Electric national security agency

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: frozen therapy

(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: drunken misunderstood locale



(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: Primrose Karate

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)



Reply Favorite

Date: July 24th, 2017 10:08 PM
Author: Fantasy-prone French Chef



(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: Cruel-hearted mentally impaired set

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 mental disorder



(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: frozen therapy

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: frozen therapy

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)