Law Firm Automates IPOs With ChatGPT, Naturally

Law firm Cooley has rolled out GO Public, an internal platform built on ChatGPT Enterprise designed to automate the heavy lifting of the initial public offering process. By feeding regulatory filings and corporate documents into OpenAI's models, the firm claims lawyers can surface potential issues earlier and focus their high-priced judgment on actual legal strategy rather than ctrl-f searches.

• AI goes corporate: Law firms are trading billable hours for API calls to speed up compliance work.
• The liability loop: Nothing builds trust like explaining to the SEC that an LLM hallucinated your risk disclosures.
• Efficiency theater: Clients will love paying hourly legal rates while the software does the work in seconds.

Why should I care? Could be big
Watch as lawyers figure out how to bill clients for the seconds it takes an LLM to read a PDF.

Read the original: How Cooley is accelerating IPO work with ChatGPT