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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...
excitant silver cruise ship
  07/24/17
...
Slate Mexican
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
ungodly plum skinny woman shrine
  07/24/17
...
yellow hospital dingle berry
  07/25/17
There's no reason to give opinion letters unless it's some h...
titillating fuchsia scourge upon the earth
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Salmon narrow-minded keepsake machete
  07/24/17
i thought you meant like an alarm would go off and the inter...
histrionic jap
  07/24/17
...
Lake seedy house international law enforcement agency
  07/25/17
TWO. PARTNER. APPROVAL.
Copper diverse lettuce idiot
  07/24/17
...
pungent theatre milk
  07/25/17
rofl holy shit legal opinions are so faggot
Salmon narrow-minded keepsake machete
  07/24/17
we literally have an "opinion committee" of a half...
Slate Mexican
  07/24/17
(Could be a lot of firms but most recently skadden)
Elite canary market
  07/25/17
huge fags itt
Razzle-dazzle frozen casino cuck
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Salmon narrow-minded keepsake machete
  07/25/17
...
Elite canary market
  07/25/17
Opinion committees ime are always comprised of two or three ...
Bateful rusted generalized bond crackhouse
  07/24/17
...
Slate Mexican
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
exhilarant point laser beams
  07/24/17
...
Know-it-all stage
  07/25/17
rofl cr
Salmon narrow-minded keepsake machete
  07/25/17
would also have accepted "here is our weighty legal opi...
Salmon narrow-minded keepsake machete
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: excitant silver cruise ship

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: Slate Mexican



(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: ungodly plum skinny woman shrine

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: yellow hospital dingle berry



(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: titillating fuchsia scourge upon the earth

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: Salmon narrow-minded keepsake machete

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: histrionic jap

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: Lake seedy house international law enforcement agency



(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: Copper diverse lettuce idiot

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: pungent theatre milk



(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: Salmon narrow-minded keepsake machete

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: Slate Mexican

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: Elite canary market

(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: Razzle-dazzle frozen casino cuck

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: Salmon narrow-minded keepsake machete

(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: Elite canary market



(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 rusted generalized bond crackhouse

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: Slate Mexican



(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: exhilarant point laser beams

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: Know-it-all stage



(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: Salmon narrow-minded keepsake machete

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: Salmon narrow-minded keepsake machete

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)