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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...
Sable lettuce
  07/24/17
...
Opaque useless black woman
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
pea-brained headpube yarmulke
  07/24/17
...
idiotic puce roast beef church building
  07/25/17
There's no reason to give opinion letters unless it's some h...
Zombie-like irradiated mood school cafeteria
  07/24/17
legal opinions in securities offerings are fucking hilarious...
light diverse boltzmann native
  07/24/17
i thought you meant like an alarm would go off and the inter...
cheese-eating lemon preventive strike
  07/24/17
...
Clear Stage
  07/25/17
TWO. PARTNER. APPROVAL.
lascivious base dingle berry
  07/24/17
...
brass piazza
  07/25/17
rofl holy shit legal opinions are so faggot
light diverse boltzmann native
  07/24/17
we literally have an "opinion committee" of a half...
Opaque useless black woman
  07/24/17
(Could be a lot of firms but most recently skadden)
angry bright market
  07/25/17
huge fags itt
Tripping Drunken Internal Respiration
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
light diverse boltzmann native
  07/25/17
...
angry bright market
  07/25/17
Opinion committees ime are always comprised of two or three ...
irate chad tank
  07/24/17
...
Opaque useless black woman
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
azure station
  07/24/17
...
Yapping exciting voyeur plaza
  07/25/17
rofl cr
light diverse boltzmann native
  07/25/17
would also have accepted "here is our weighty legal opi...
light diverse boltzmann native
  07/25/17


Poast new message in this thread



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Date: July 24th, 2017 9:59 PM
Author: Sable lettuce

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: Opaque useless black woman



(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: pea-brained headpube yarmulke

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: idiotic puce roast beef church building



(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: Zombie-like irradiated mood school cafeteria

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: light diverse boltzmann native

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: cheese-eating lemon preventive strike

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: Clear 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: lascivious base dingle berry

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: brass piazza



(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: light diverse boltzmann native

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: Opaque useless black woman

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: angry bright 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: Tripping Drunken Internal Respiration

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: light diverse boltzmann native

(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: angry bright 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: irate chad tank

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: Opaque useless black woman



(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: azure station

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: Yapping exciting voyeur plaza



(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: light diverse boltzmann native

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: light diverse boltzmann native

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)