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Cooley builds GO Public on ChatGPT Work to speed IPO prep

Cooley builds GO Public on ChatGPT Work to speed IPO prep

3 Key Points

  1. What happened

    Cooley launched GO Public, built on ChatGPT Work, to analyze IPO information and produce a tailored starting point for lawyer review.

  2. Why it matters

    Cooley says this shifts lawyer and management time from manual sorting to judgment, which it calls "speed to quality."

  3. What to watch

    Cooley frames GO Public as its vision for capital markets practice broadly, so its use beyond IPOs is signaled but not yet detailed.

WHO IT HITSIPO-bound management teams and capital markets lawyers at law firms and issuers are the direct users — the body says the tool is meant to give executives back time they would otherwise spend on IPO preparation. Other law firms weighing similar builds would be watching whether Cooley's lawyer-review workflow holds up.

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Context & Analysis

Cooley's IPO practice is the setting for this announcement. The firm says it advised on 180 deals globally in 2025, worth more than $51.5 billion, and describes a decade at the top of the US issuer-side IPO market. That volume is the backdrop for its complaint, voiced by Chief Innovation Officer David Wang, that an IPO involves thousands of tasks running constantly and keeps lawyers "always very busy."

What changed technically is how Cooley packages its own experience. Its legal engineers, innovation counsel, and practitioners built what the firm calls an agentic harness, which defines which steps agents can do automatically and where a lawyer must review or validate. Curated precedents supply what Wang calls "baked-in know-how." The stated benefit is a shift from starting with a comparable company's precedent to starting with the client itself.

Dave Peinsipp, a partner and co-chair of Cooley's global capital markets group, describes the aim as "speed to quality" rather than simply doing the same work faster, and frames GO Public as the firm's vision for capital markets practice more broadly. Whether that broader reach materializes is not yet detailed, and the body gives no measure of time saved or cost avoided, only Cooley's account of where lawyer and management attention is redirected. The test is likely to be whether IPO clients and the firm's own lawyers see that shift in practice.

FAQ
What is GO Public built on?
GO Public is a proprietary AI product offering from Cooley, built on ChatGPT Work. It uses an agentic harness that analyzes information so lawyers can review and validate the work.
How does GO Public change the old IPO drafting process?
Previously, teams often started from a comparable company's precedent and adapted it. GO Public starts with the client itself, combining client information, public sources, and curated precedents.
What results has Cooley reported from GO Public?
Cooley says GO Public lets it begin with a more tailored starting point and redirect more lawyer and management time toward substantive IPO decisions. The body does not give a time saved or cost figure.

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