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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...
comical onyx ape theatre
  07/24/17
...
irradiated pistol
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
Adventurous Blue Sneaky Criminal
  07/24/17
...
Anal orchid gaming laptop kitchen
  07/25/17
There's no reason to give opinion letters unless it's some h...
Opaque Laughsome Half-breed Dysfunction
  07/24/17
legal opinions in securities offerings are fucking hilarious...
Trip Tanning Salon Ratface
  07/24/17
i thought you meant like an alarm would go off and the inter...
Useless field brethren
  07/24/17
...
Charismatic Peach Headpube
  07/25/17
TWO. PARTNER. APPROVAL.
frum rehab
  07/24/17
...
Chocolate soul-stirring legal warrant
  07/25/17
rofl holy shit legal opinions are so faggot
Trip Tanning Salon Ratface
  07/24/17
we literally have an "opinion committee" of a half...
irradiated pistol
  07/24/17
(Could be a lot of firms but most recently skadden)
razzmatazz fishy prole
  07/25/17
huge fags itt
Stimulating school cafeteria
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
Trip Tanning Salon Ratface
  07/25/17
...
razzmatazz fishy prole
  07/25/17
Opinion committees ime are always comprised of two or three ...
cruel-hearted crackhouse hissy fit
  07/24/17
...
irradiated pistol
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
Garnet step-uncle's house friendly grandma
  07/24/17
...
white house-broken boiling water
  07/25/17
rofl cr
Trip Tanning Salon Ratface
  07/25/17
would also have accepted "here is our weighty legal opi...
Trip Tanning Salon Ratface
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: comical onyx ape theatre

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: irradiated pistol



(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: Adventurous Blue Sneaky Criminal

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: Anal orchid gaming laptop kitchen



(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: Opaque Laughsome Half-breed Dysfunction

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: Trip Tanning Salon Ratface

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: Useless field brethren

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: Charismatic Peach Headpube



(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: frum rehab

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: Chocolate soul-stirring legal warrant



(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: Trip Tanning Salon Ratface

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: irradiated pistol

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: razzmatazz fishy prole

(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: Stimulating school cafeteria

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: Trip Tanning Salon Ratface

(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: razzmatazz fishy prole



(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: cruel-hearted crackhouse hissy fit

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: irradiated pistol



(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: Garnet step-uncle's house friendly grandma

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: white house-broken boiling water



(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: Trip Tanning Salon Ratface

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: Trip Tanning Salon Ratface

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)