\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Always funny when Biglaw firms get worked up about legal opinions

At my old biglaw firm, these would be a battle. Now at my...
Vigorous Haunting Jap
  07/24/17
...
burgundy idea he suggested
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
garnet skinny woman
  07/24/17
...
Mewling sneaky criminal dopamine
  07/25/17
There's no reason to give opinion letters unless it's some h...
chrome fiercely-loyal boiling water
  07/24/17
legal opinions in securities offerings are fucking hilarious...
floppy giraffe
  07/24/17
i thought you meant like an alarm would go off and the inter...
Razzmatazz gaming laptop kitchen
  07/24/17
...
irradiated fantasy-prone place of business
  07/25/17
TWO. PARTNER. APPROVAL.
henna site useless brakes
  07/24/17
...
Titillating area philosopher-king
  07/25/17
rofl holy shit legal opinions are so faggot
floppy giraffe
  07/24/17
we literally have an "opinion committee" of a half...
burgundy idea he suggested
  07/24/17
(Could be a lot of firms but most recently skadden)
180 candlestick maker menage
  07/25/17
huge fags itt
Talented Aggressive Base
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
floppy giraffe
  07/25/17
...
180 candlestick maker menage
  07/25/17
Opinion committees ime are always comprised of two or three ...
Glittery onyx persian voyeur
  07/24/17
...
burgundy idea he suggested
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
outnumbered startled weed whacker trailer park
  07/24/17
...
fragrant chestnut french chef parlour
  07/25/17
rofl cr
floppy giraffe
  07/25/17
would also have accepted "here is our weighty legal opi...
floppy giraffe
  07/25/17


Poast new message in this thread



Reply Favorite

Date: July 24th, 2017 9:59 PM
Author: Vigorous Haunting Jap

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)



Reply Favorite

Date: July 24th, 2017 10:04 PM
Author: burgundy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847548)



Reply Favorite

Date: July 24th, 2017 10:07 PM
Author: garnet skinny woman

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)



Reply Favorite

Date: July 25th, 2017 12:52 AM
Author: Mewling sneaky criminal dopamine



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848863)



Reply Favorite

Date: July 24th, 2017 10:02 PM
Author: chrome fiercely-loyal boiling water

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)



Reply Favorite

Date: July 24th, 2017 10:04 PM
Author: floppy giraffe

legal opinions in securities offerings are fucking hilarious

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847549)



Reply Favorite

Date: July 24th, 2017 10:03 PM
Author: Razzmatazz gaming laptop kitchen

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)



Reply Favorite

Date: July 25th, 2017 12:37 AM
Author: irradiated fantasy-prone place of business



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848760)



Reply Favorite

Date: July 24th, 2017 10:03 PM
Author: henna site useless brakes

TWO. PARTNER. APPROVAL.

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847541)



Reply Favorite

Date: July 25th, 2017 12:59 AM
Author: Titillating area philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848903)



Reply Favorite

Date: July 24th, 2017 10:04 PM
Author: floppy giraffe

rofl holy shit legal opinions are so faggot

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847545)



Reply Favorite

Date: July 24th, 2017 10:06 PM
Author: burgundy idea he suggested

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)



Reply Favorite

Date: July 25th, 2017 12:37 AM
Author: 180 candlestick maker menage

(Could be a lot of firms but most recently skadden)

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848750)



Reply Favorite

Date: July 24th, 2017 10:06 PM
Author: Talented Aggressive Base

huge fags itt

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847557)



Reply Favorite

Date: July 25th, 2017 12:05 AM
Author: floppy giraffe

(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: 180 candlestick maker menage



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848755)



Reply Favorite

Date: July 24th, 2017 10:06 PM
Author: Glittery onyx persian voyeur

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: burgundy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33847577)



Reply Favorite

Date: July 24th, 2017 10:14 PM
Author: outnumbered startled weed whacker trailer park

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)



Reply Favorite

Date: July 25th, 2017 12:03 AM
Author: fragrant chestnut french chef parlour



(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848524)



Reply Favorite

Date: July 25th, 2017 12:03 AM
Author: floppy giraffe

rofl cr

(http://www.autoadmit.com/thread.php?thread_id=3684007&forum_id=2#33848526)



Reply Favorite

Date: July 25th, 2017 12:04 AM
Author: floppy giraffe

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)