Members of the Opinions Committee and its constituency list are invited to review the Statement of Opinion Practices and the Core Opinion Principles recently published by the ABA Legal Opinions Committee and the Working Group on Legal Opinions Foundation (“WGLO”) in the Business Lawyer (74 The Business Lawyer 801 (2019)). The Statement builds upon the Statement on the Role of Customary Practice in the Preparation and Understanding of Third-Party Legal Opinions, published in 2008 and approved by over thirty bar associations and other lawyer groups.
The new Statement of Opinion Practices was approved by the Opinions Committee of the Business Law Section of the California Lawyers Association, among numerous other bar groups nationwide. Its goal is to facilitate third-party legal opinion practice and to continue the work that has been ongoing for many years to establish a national third-party legal opinion practice.
Readers may access Statement of Opinion Practices and the Core Opinion Principles through this link.