How Cooley is accelerating IPO work with ChatGPT
2026-09-17 · OpenAI
How Cooley is Accelerating IPO Work with ChatGPT
Background and Tool Introduction
The prominent law firm Cooley has taken a significant step forward in legal technology by building an internal tool named "GO Public." This tool is integrated with ChatGPT Work, the enterprise version of the popular AI, to bring artificial intelligence into the complex process of Initial Public Offerings (IPOs). As a firm with deep expertise in capital markets and emerging companies, Cooley's application of generative AI to its IPO practice marks an important milestone in the intelligent transformation of the legal services industry.
Core Objective: Bringing Intelligence to the IPO Process
An IPO is a highly complex procedure involving extensive document review and strict regulatory compliance requirements. The core objective of Cooley’s GO Public tool is to bring "intelligence" to this traditionally labor-intensive process. By leveraging the advanced natural language processing capabilities of ChatGPT Work, the tool assists in managing the vast amounts of text and data generated during an IPO, thereby enhancing overall operational efficiency.
Key Functions and Advantages
The GO Public tool plays a crucial role in the daily IPO work of lawyers, primarily offering the following advantages:
- Surfacing Issues Earlier: During the IPO preparation phase, identifying potential legal, financial, or compliance risks as early as possible is critical. The tool helps lawyers surface potential issues from complex documents and processes earlier than was previously possible, giving the team more time to respond and adjust their strategies.
- Focusing Judgment Where It Matters Most: By delegating foundational, repetitive information processing and preliminary screening tasks to AI, lawyers are freed from heavy desk work. This allows legal professionals to concentrate their most valuable asset—expert judgment—on the most critical matters that require human wisdom and insight.
Significance and Future Outlook
Cooley’s initiative demonstrates a practical application of artificial intelligence in high-end legal services. Through the combination of GO Public and ChatGPT Work, Cooley has not only improved the efficiency of its IPO work but also redefined the role of lawyers in the AI era. In this model, AI is responsible for information processing and early warning, while lawyers handle in-depth analysis and key decision-making. This human-AI collaboration is poised to become a new standard in the legal industry, showcasing how technology can augment professional expertise without replacing the essential human element.