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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 gaping
  07/24/17
...
Provocative green dilemma lettuce
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
white curious state nowag
  07/24/17
...
chestnut parlor
  07/25/17
There's no reason to give opinion letters unless it's some h...
splenetic painfully honest abode
  07/24/17
legal opinions in securities offerings are fucking hilarious...
deep soul-stirring stage wagecucks
  07/24/17
i thought you meant like an alarm would go off and the inter...
Pontificating 180 Hospital
  07/24/17
...
Magenta exhilarant associate
  07/25/17
TWO. PARTNER. APPROVAL.
Mildly autistic massive brunch
  07/24/17
...
Marvelous scourge upon the earth address
  07/25/17
rofl holy shit legal opinions are so faggot
deep soul-stirring stage wagecucks
  07/24/17
we literally have an "opinion committee" of a half...
Provocative green dilemma lettuce
  07/24/17
(Could be a lot of firms but most recently skadden)
Swashbuckling bat-shit-crazy locale
  07/25/17
huge fags itt
dashing bright new version
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
deep soul-stirring stage wagecucks
  07/25/17
...
Swashbuckling bat-shit-crazy locale
  07/25/17
Opinion committees ime are always comprised of two or three ...
arousing tattoo locus
  07/24/17
...
Provocative green dilemma lettuce
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
deranged primrose market
  07/24/17
...
pearly excitant love of her life spot
  07/25/17
rofl cr
deep soul-stirring stage wagecucks
  07/25/17
would also have accepted "here is our weighty legal opi...
deep soul-stirring stage wagecucks
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: talented gaping

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: Provocative green dilemma lettuce



(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: white curious state nowag

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: chestnut parlor



(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: splenetic painfully honest abode

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: deep soul-stirring stage wagecucks

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: Pontificating 180 Hospital

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: Magenta exhilarant associate



(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: Mildly autistic massive brunch

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: Marvelous scourge upon the earth address



(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: deep soul-stirring stage wagecucks

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: Provocative green dilemma lettuce

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: Swashbuckling bat-shit-crazy 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: dashing bright new version

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: deep soul-stirring stage wagecucks

(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: Swashbuckling bat-shit-crazy 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: arousing tattoo locus

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: Provocative green dilemma lettuce



(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: deranged primrose market

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: pearly excitant love of her life spot



(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: deep soul-stirring stage wagecucks

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: deep soul-stirring stage wagecucks

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)