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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...
Big brunch
  07/24/17
...
maroon electric furnace
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
Cruel-hearted heaven
  07/24/17
...
Dark pungent bawdyhouse jewess
  07/25/17
There's no reason to give opinion letters unless it's some h...
Peach irradiated ticket booth
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Lemon cuckoldry crotch
  07/24/17
i thought you meant like an alarm would go off and the inter...
Beady-eyed dull gaming laptop
  07/24/17
...
bespoke people who are hurt theater stage
  07/25/17
TWO. PARTNER. APPROVAL.
Fragrant legal warrant
  07/24/17
...
bronze twinkling uncleanness party of the first part
  07/25/17
rofl holy shit legal opinions are so faggot
Lemon cuckoldry crotch
  07/24/17
we literally have an "opinion committee" of a half...
maroon electric furnace
  07/24/17
(Could be a lot of firms but most recently skadden)
magical hunting ground
  07/25/17
huge fags itt
Racy Boiling Water
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Lemon cuckoldry crotch
  07/25/17
...
magical hunting ground
  07/25/17
Opinion committees ime are always comprised of two or three ...
bateful ungodly lettuce stag film
  07/24/17
...
maroon electric furnace
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
Buff Aggressive Therapy
  07/24/17
...
massive judgmental ape
  07/25/17
rofl cr
Lemon cuckoldry crotch
  07/25/17
would also have accepted "here is our weighty legal opi...
Lemon cuckoldry crotch
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: Big brunch

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: maroon electric furnace



(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: Cruel-hearted heaven

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: Dark pungent bawdyhouse 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: Peach irradiated ticket booth

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: Lemon cuckoldry crotch

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: Beady-eyed dull gaming laptop

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: bespoke people who are hurt theater stage



(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: Fragrant legal warrant

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: bronze twinkling uncleanness party of the first part



(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: Lemon cuckoldry crotch

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: maroon electric furnace

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: magical hunting ground

(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: Racy Boiling Water

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: Lemon cuckoldry crotch

(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: magical hunting ground



(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: bateful ungodly lettuce stag film

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: maroon electric furnace



(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: Buff Aggressive Therapy

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: massive judgmental ape



(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: Lemon cuckoldry crotch

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: Lemon cuckoldry crotch

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)