High impact
How Cooley is accelerating IPO work with ChatGPT
What happened
Cooley, a major law firm, is using ChatGPT to speed up the paperwork and research involved in taking companies public, automating tasks like drafting filings and reviewing documents. This helps the firm finish IPO work faster and cheaper, showing how generative AI can handle complex, high‑stakes legal work.
Why it matters
The move signals that AI tools are becoming practical for the financial‑legal industry, likely prompting more firms to adopt similar technology to stay competitive and could reshape the IPO preparation process.
Is this a big deal?
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