Cooley Launches GO Public With OpenAI to Bring AI Into IPO Preparation

Cooley has introduced GO Public, an AI-driven service created in partnership with OpenAI, aimed at streamlining the IPO preparation process. This specialized system is designed to assist in the creation and updating of Form S-1 documents, utilizing AI agents that adhere to Cooley's drafting principles while maintaining the firm's responsibility for legal oversight.

Unlike a general-purpose chatbot, GO Public is a tailored workflow that begins with the client's specific information, quickly generates a bespoke S-1 draft, and adapts the draft as transaction terms evolve. This focus is crucial because IPO filings are inherently iterative and document-intensive, with changes in deal terms necessitating coordinated updates across various disclosures and legal reviews.

By leveraging AI agents guided by Cooley's capital-markets expertise, GO Public strives to expedite the preparation process, making it faster, more predictable, and more efficient. The system is intended to accelerate tasks that benefit from structured drafting and revision, while still preserving the essential role of human legal judgment.

The collaboration between Cooley and OpenAI is a clear example of how law firms can leverage their specialist knowledge to develop a defined AI workflow, rather than relying solely on a general-purpose tool. GO Public builds upon Cooley's existing IPO preparation expertise and adds an AI-enabled system and formal collaboration with OpenAI.

While the system is specifically designed for IPO preparation, it also has the potential to be applied to other capital-markets transactions beyond IPOs. However, the specifics of these potential applications are not detailed in the announcement. The public announcement does not provide information on GO Public's pricing, rollout scope, data-security arrangements, data-governance model, or its integration with broader client and firm systems.

These details are critical for prospective users to evaluate how the offering might fit into their IPO process. Additionally, while GO Public mentions potential applicability beyond IPOs, it does not specify which other capital-markets transactions it may cover. For businesses considering a similar move from AI experimentation to practical implementation, the article suggests consulting with Scalevise, an AI consultancy that can help identify workflows where expert knowledge, repeatable tasks, and human review can yield measurable value.

The key takeaway is that successful AI adoption in legal workflows requires a clear definition of the process, appropriate inputs and controls, and integration with existing tools and expertise.