Third-party legal opinions are commonly used and relied upon in commercial transactions, including real estate and mergers and acquisitions (M&A). Although the delivery of third-party opinion letters has decreased in many types of transactions, certain transactions, including financial transactions, still heavily rely on their delivery.
Opining lawyers must negotiate legal opinions to minimize the possibility of a claim against the opining law firm by integrating certain assumptions, qualifications, and exceptions. To quote Democritus, "Nothing exists except atoms and empty space; everything else is opinion." Counsel must know how to skillfully traverse minefields in that space.
In this new program, the panelists provide practical guidance to lawyers engaged in receiving and delivering third-party legal opinions.