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Strategy session for attorney opinion letter this is the most crucial step when. Web opinion letters was crucial to enron's ability to complete these transactions. Web an opinion letter, also called a legal opinion, is a letter issued by a legal counsel that facilitates a lender’s due diligence. Web case processing overview step 1: Web 1) the opinion letter should include a summary of the facts at issue and an overview of the applicable law. The article goes on to note that “even as v&e.