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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...
laughsome rebellious pit kitty
  07/24/17
...
White piazza
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
odious angry knife
  07/24/17
...
charcoal beady-eyed fortuitous meteor
  07/25/17
There's no reason to give opinion letters unless it's some h...
scarlet supple market
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Thirsty diverse marketing idea center
  07/24/17
i thought you meant like an alarm would go off and the inter...
Hairraiser temple wagecucks
  07/24/17
...
Mind-boggling Toilet Seat
  07/25/17
TWO. PARTNER. APPROVAL.
Exhilarant Jap
  07/24/17
...
Saffron flirting bbw crackhouse
  07/25/17
rofl holy shit legal opinions are so faggot
Thirsty diverse marketing idea center
  07/24/17
we literally have an "opinion committee" of a half...
White piazza
  07/24/17
(Could be a lot of firms but most recently skadden)
Magenta ladyboy
  07/25/17
huge fags itt
fiercely-loyal balding lettuce church building
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Thirsty diverse marketing idea center
  07/25/17
...
Magenta ladyboy
  07/25/17
Opinion committees ime are always comprised of two or three ...
Wonderful boistinker theatre
  07/24/17
...
White piazza
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
Passionate chestnut stock car
  07/24/17
...
lime hell
  07/25/17
rofl cr
Thirsty diverse marketing idea center
  07/25/17
would also have accepted "here is our weighty legal opi...
Thirsty diverse marketing idea center
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: laughsome rebellious pit kitty

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: White piazza



(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: odious angry knife

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: charcoal beady-eyed fortuitous meteor



(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: scarlet supple market

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: Thirsty diverse marketing idea center

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: Hairraiser temple wagecucks

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: Mind-boggling Toilet Seat



(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: Exhilarant Jap

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: Saffron flirting bbw crackhouse



(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: Thirsty diverse marketing idea center

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: White piazza

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: Magenta ladyboy

(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: fiercely-loyal balding lettuce church building

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: Thirsty diverse marketing idea center

(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: Magenta ladyboy



(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: Wonderful boistinker theatre

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: White piazza



(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: Passionate chestnut stock car

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: lime hell



(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: Thirsty diverse marketing idea center

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: Thirsty diverse marketing idea center

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)