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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...
Cracking coral principal's office nowag
  07/24/17
...
Sinister Transparent Mad Cow Disease
  07/24/17
No shit the client doesn't care if the law firm's opinion is...
henna fanboi
  07/24/17
...
Floppy Shimmering Deer Antler Private Investor
  07/25/17
There's no reason to give opinion letters unless it's some h...
green institution party of the first part
  07/24/17
legal opinions in securities offerings are fucking hilarious...
stirring yapping stead
  07/24/17
i thought you meant like an alarm would go off and the inter...
Sticky mildly autistic hissy fit kitty cat
  07/24/17
...
Avocado area
  07/25/17
TWO. PARTNER. APPROVAL.
Charcoal Meetinghouse Therapy
  07/24/17
...
spectacular silver boltzmann circlehead
  07/25/17
rofl holy shit legal opinions are so faggot
stirring yapping stead
  07/24/17
we literally have an "opinion committee" of a half...
Sinister Transparent Mad Cow Disease
  07/24/17
(Could be a lot of firms but most recently skadden)
appetizing black parlor milk
  07/25/17
huge fags itt
Dashing son of senegal point
  07/24/17
(gunner non-equity partner on his firm's opinion cmmttee)
stirring yapping stead
  07/25/17
...
appetizing black parlor milk
  07/25/17
Opinion committees ime are always comprised of two or three ...
abusive multi-colored filthpig
  07/24/17
...
Sinister Transparent Mad Cow Disease
  07/24/17
We have reviewed all the stuff. If the data is accurate and...
territorial french chef
  07/24/17
...
violet box office
  07/25/17
rofl cr
stirring yapping stead
  07/25/17
would also have accepted "here is our weighty legal opi...
stirring yapping stead
  07/25/17


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Date: July 24th, 2017 9:59 PM
Author: Cracking coral principal's office nowag

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: Sinister Transparent Mad Cow Disease



(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: henna fanboi

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: Floppy Shimmering Deer Antler Private Investor



(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: green institution party of the first part

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: stirring yapping stead

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: Sticky mildly autistic hissy fit kitty cat

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: Avocado area



(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: Charcoal Meetinghouse Therapy

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: spectacular silver boltzmann circlehead



(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: stirring yapping stead

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: Sinister Transparent Mad Cow Disease

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: appetizing black parlor milk

(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 son of senegal point

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: stirring yapping stead

(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: appetizing black parlor milk



(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: abusive multi-colored filthpig

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: Sinister Transparent Mad Cow Disease



(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: territorial french chef

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: violet box office



(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: stirring yapping stead

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: stirring yapping stead

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)