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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...
irradiated chocolate home degenerate
  07/24/17
...
maize corn cake hall
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
Comical Crackhouse
  07/24/17
...
Histrionic scourge upon the earth
  07/25/17
There's no reason to give opinion letters unless it's some h...
abusive cruise ship
  07/24/17
legal opinions in securities offerings are fucking hilarious...
provocative national
  07/24/17
i thought you meant like an alarm would go off and the inter...
alcoholic pea-brained bawdyhouse ceo
  07/24/17
...
mildly autistic theater
  07/25/17
TWO. PARTNER. APPROVAL.
Glittery site
  07/24/17
...
milky police squad
  07/25/17
rofl holy shit legal opinions are so faggot
provocative national
  07/24/17
we literally have an "opinion committee" of a half...
maize corn cake hall
  07/24/17
(Could be a lot of firms but most recently skadden)
Buff electric headpube
  07/25/17
huge fags itt
Gold Gaped Stock Car Kitty
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
provocative national
  07/25/17
...
Buff electric headpube
  07/25/17
Opinion committees ime are always comprised of two or three ...
soul-stirring magenta whorehouse
  07/24/17
...
maize corn cake hall
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
Razzle-dazzle copper kitty cat
  07/24/17
...
heady pale incel
  07/25/17
rofl cr
provocative national
  07/25/17
would also have accepted "here is our weighty legal opi...
provocative national
  07/25/17


Poast new message in this thread



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Date: July 24th, 2017 9:59 PM
Author: irradiated chocolate home degenerate

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: maize corn cake hall



(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: Comical Crackhouse

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: Histrionic scourge upon the earth



(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: abusive cruise ship

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: provocative national

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: alcoholic pea-brained bawdyhouse ceo

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: mildly autistic theater



(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: Glittery site

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: milky police squad



(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: provocative national

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: maize corn cake hall

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: Buff electric headpube

(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: Gold Gaped Stock Car Kitty

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: provocative national

(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: Buff electric headpube



(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: soul-stirring magenta whorehouse

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: maize corn cake hall



(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: Razzle-dazzle copper kitty cat

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: heady pale incel



(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: provocative national

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: provocative national

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)