库利是一家国际律师事务所，以帮助公司驾驭资本市场和首次公开募股（IPO）而闻名。2025年，该律所在全球范围内为180笔交易提供了咨询，交易总额超过515亿美元。库利在美国发行人侧IPO市场位居前列已有十年之久，并且在过去20多年里，其提供咨询的风险投资支持的IPO数量超过任何其他律所。
资本市场涉及大量需要综合和分析的信息。“对我们的律师来说，这总是非常繁忙，”库利首席创新官David Wang解释道。“当有IPO时，有成千上万的事情需要不断完成。”
库利开发了GO Public，这是一款基于ChatGPT Work构建的专有AI产品。其代理式框架会分析信息，以便律师可以审查和验证工作成果。该工作流程汇集为一个为IPO量身定制的起点。
ChatGPT Work正在改变法律工作，通过更快、更有效、更民主地将智能带入流程的每一步。
David Wang，首席创新官
将法律专业知识综合为AI产品
“IPO是公司一生中最具影响的时刻之一，并且可能消耗管理层大量精力，”库利全球资本市场业务组合伙人兼联席主席Dave Peinsipp表示。“GO Public帮助我们在密集的准备工作中更快推进，使律师和管理团队能够将更多时间花在塑造交易的决策上——在这些地方，判断力、市场经验和战略思维最为重要。”
在GO Public之前，团队通常从一家可比公司的先例开始，并对其进行调整以适合客户的情况。GO Public使库利能够从客户本身开始，将所提供的信息、相关公开来源以及精心策划的先例汇集在一起，为律师审查创造一个更具针对性的起点。
“每个人都明白，作为领先的资本市场律所，我们知道在IPO中该做什么，”Wang说。库利的法律工程师、创新顾问和执业律师共同合作，将该律所的资本市场经验转化为一个专有的代理式系统。“借助GO Public以及我们使用OpenAI技术构建的代理式框架，我们能够将其推进到AI时代，”Wang说。
该框架为代理提供了一个受控的工作流程，列出了代理可以自动执行哪些步骤、律师必须在哪些环节审查或验证工作成果，以及这一切如何整合在一起。从以往分析中整理出的信息提供了Wang所说的“内置专业知识”。库利与OpenAI紧密合作，将主题专业知识与AI工程知识相结合，以确保正确的流程产生正确的结果。
将人力集中在最具影响力的地方
借助GO Public，库利可以将更多律师和管理层时间重新导向推动IPO的实质性工作。“将ChatGPT Work整合到GO Public中的惊人之处在于，它为这一庞大且此前必须手动整理的信息阵列带来了智能，”Wang说。“一旦你完成了第一轮筛选，你就能够真正将人力和专业知识集中在价值最高的表面区域。”
“这就是我们所说的从速度到质量，”Peinsipp说。“重点不是简单地更快完成同样的工作，而是更早达到一个强有力的起点，这样我们的律师就能花更多时间运用判断力、质疑披露内容，并就对公司最重要的问题进行战略思考。”
对管理团队而言，其益处不仅限于法律工作本身。IPO准备工作会争夺那些同时还在经营快速变化业务的高管的注意力。
ChatGPT Work使我们能够更快地完成密集准备工作，并将宝贵时间还给管理层。我们希望他们的注意力集中在只有他们才能增加价值的地方——业务、故事以及最终将塑造此次发行的决策上。
Dave Peinsipp，合伙人兼全球资本市场联席主席
改变一个行业
“传统上，法律行业相对抗拒变化，”Wang说。但AI正在给库利一个机会，在保留客户所依赖的专业判断和责任的同时，重新思考资本市场工作如何完成。
“作为律师，我们有专业职责和义务，确保为客户实现最佳、最具法律抗辩力的结果，而这需要大量工作，”Wang解释道。由OpenAI提供支持的GO Public旨在帮助律师考虑更多信息，同时将他们的专业知识引导到最重要的决策上。
Peinsipp将GO Public视为资本市场工作交付方式更广泛转变的开始。
“GO Public是我们对资本市场业务未来的愿景，”Peinsipp说。“我们与OpenAI的合作使我们能够重新思考这项工作如何完成。我们看到的巨大潜力不仅在于IPO，也在于更广泛的资本市场交易。”
Cooley is an international law firm with a reputation for helping companies navigate capital markets and initial public offerings (IPOs). In 2025, the firm advised on 180 deals globally, totaling more than $51.5 billion in deal volume. Cooley has a decade-long track record at the top of the US issuer-side IPO market and has advised on more venture-backed IPOs than any other firm over the past 20-plus years.
Capital markets involve huge amounts of information that need to be synthesized and analyzed. “For our lawyers, it’s always very busy,” explains David Wang, Chief Innovation Officer at Cooley. “When there’s an IPO, there are thousands of things that need to be done constantly.”
Cooley developed GO Public, a proprietary AI product offering built on ChatGPT Work. Its agentic harness analyzes information so lawyers can review and validate the work. The workflow comes together into a tailored starting point for an IPO.
ChatGPT Work is changing legal work by bringing intelligence to every step of the process faster, more effectively, and more democratically.
David Wang, Chief Innovation Officer
Synthesizing legal expertise into an AI product offering
“An IPO is one of the most consequential moments in a company’s life, and it can consume enormous management attention,” says Dave Peinsipp, partner and co-chair of Cooley’s global capital markets group. “GO Public helps us move through the intensive preparation faster so lawyers and management teams can spend more time on the decisions that shape the transaction — where judgment, market experience and strategic thinking matter most.”
Before GO Public, teams often began with a precedent from a comparable company and adapted it to fit the client’s circumstances. GO Public allows Cooley to begin with the client itself, bringing together the information provided, relevant public sources, and carefully curated precedents to create a more tailored starting point for lawyer review.
“Everybody understands that as the leading capital markets firm, we know what to do in an IPO,” Wang says. Cooley’s legal engineers, innovation counsel, and practitioners worked together to translate the firm’s capital markets experience into a proprietary agentic system. “With GO Public and the agentic harness that we built using OpenAI’s technology, we were able to bring this forward into the AI era,” Wang says.
The harness provides a controlled workflow for agents that lays out which steps agents can perform automatically, where lawyers must review or validate the work, and how it all comes together. Information curated from previous analyses provides what Wang calls “baked-in know-how.” Cooley partners closely with OpenAI to combine subject-matter expertise and AI engineering knowledge to ensure the right processes produce the right outcomes.
Concentrating human effort where it’s most impactful
With GO Public, Cooley can redirect more lawyer and management time toward the substantive work that drives an IPO. “The amazing thing about integrating ChatGPT Work into GO Public is that it brings intelligence to this very large array of information that had to be manually sorted before,” Wang says. “Once you do that first cut, you’re able to really concentrate the human effort and expertise on the highest value surface areas.”
“That’s what we mean by speed to quality,” Peinsipp says. “The point isn’t simply to do the same work faster. It’s to get to a strong starting point sooner, so our lawyers can spend more time applying judgment, challenging the disclosure and thinking strategically about the issues that matter most to the company.”
For management teams, the benefit extends beyond the legal work itself. IPO preparation competes for the attention of executives who are also running fast-moving businesses.
ChatGPT Work allows us to move more quickly through intensive preparation and give valuable time back to management. We want their attention focused where only they can add value — on the business, the story and the decisions that will ultimately shape the offering.
Dave Peinsipp, Partner and Co-Chair, Global Capital Markets
Transforming an industry
“Traditionally, the legal industry has been relatively change-averse,” Wang says. But AI is giving Cooley an opportunity to rethink how capital markets work gets done while preserving the professional judgment and accountability clients depend on.
“As attorneys, we have professional duties and obligations to make sure that the best, most legally defensible outcome occurs for our clients, and that just takes a lot of work,” Wang explains. GO Public, powered by OpenAI, is designed to help lawyers consider more information while directing their expertise toward the decisions that matter most.
Peinsipp sees GO Public as the beginning of a broader shift in how capital markets work is delivered.
“GO Public is our vision for the future of capital markets practice,” Peinsipp says. “Our collaboration with OpenAI has allowed us to rethink how this work gets done. We see enormous potential not only for IPOs but for capital markets transactions more broadly.”
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