Cooley and OpenAI Partner on AI-Enabled S-1 Drafting
Cooley has launched a proprietary offering for ChatGPT Enterprise, developed with OpenAI, to accelerate the research and drafting of Form S-1 registration statements for companies going public.
Cooley announced the launch of Cooley GO Public, an AI-powered tool developed in partnership with OpenAI to streamline the initial public offering process. The system uses purpose-built AI agents inside ChatGPT Enterprise to generate a bespoke first draft of a Form S-1 registration statement, drawing on client-specific information and Cooley's curated precedents and drafting guidance. The firm claims this technology can reduce initial drafting time from days to minutes.
For corporate counsel and management teams, the tool aims to shift focus away from document assembly and toward critical strategic questions earlier in the IPO timeline, promising greater efficiency and cost predictability. For law firms, this represents a significant real-world application of generative AI to a core, high-stakes transactional practice. Cooley's lawyers remain involved for legal analysis and the final work product, but the development signals a major shift in legal service delivery. The firm plans to extend this AI model to other practice areas, including M&A and fund formation.