International law firm Cooley helps companies manage their capital markets and IPO processes. In 2025, the firm advised on 180 transactions globally with a total value of more than 51.5 billion dollars. Cooley also has a decade-long track record in the issuer-side IPO market in the United States and has advised on more venture-backed IPOs than any other firm over the past 20-plus years.
Cooley developed a custom AI product called GO Public, built on ChatGPT Work, to help lawyers assess large amounts of information earlier. The system brings together information provided by the company, relevant publicly available sources and selected comparable filings to create a client-specific starting point suitable for attorney review. Previously, teams would take the IPO filing of a similar company as a basis and adapt it for the client.
Legal engineers, innovation advisors and practitioners transformed their capital markets experience into a custom “agentic” system. Built with OpenAI technology, the control mechanism determines which steps agents can perform automatically, which stages require attorneys to review or verify, and how the process should be integrated. Information compiled from previous analyses also provides the system with built-in expertise.
GO Public aims to automate the initial classification of information, allowing attorneys and executives to focus their time on the legally, strategically and commercially significant decisions in the transaction. Cooley says this is not merely about working faster, but about reaching a strong starting point sooner. While the system helps executives manage IPO preparation alongside their day-to-day work, it preserves attorneys’ professional responsibility and accountability. Cooley aims to extend this approach in the future to capital markets transactions beyond IPOs.
Why it matters
The importance of GO Public lies in how it changes the way the initial organization and comparison of information is handled in IPO preparation. This approach aims to shift attorneys’ time from the initial stages of document production to legal, strategic and commercial assessments; however, responsibility for final review and verification remains with people. For company executives, the system offers a working structure that supports continuing IPO preparation alongside their daily responsibilities. Cooley and OpenAI’s assessments regarding performance should be treated as statements by the parties; the report does not present an independent productivity measurement. The unresolved question is how this model will be adapted to capital markets transactions outside IPOs and at which stages it will be used for different types of transactions.
Background
ChatGPT is not a new name in the FikirPilot archive: we have published 25 reports mentioning this name in the last 90 days; the most recent was dated September 18, 2026.
Term: IPO
An IPO is when a company’s shares begin trading on a stock exchange for the first time; while raising capital, the company also assumes an obligation to provide regular financial reporting to the public.