Cooley and OpenAI launch a tool that drafts an S-1 in minutes

Law firm Cooley and OpenAI have co-launched GO Public, a tool designed to draft an initial S-1 registration statement within minutes.

An S-1 is not merely prose. It organizes a company’s business description, risk factors, ownership, financial information and planned use of proceeds into a filing for SEC review and potential investor liability. Its repetitive structure makes it suitable for document generation, while its consequences make unsupervised output unacceptable.

The useful automation target is the first assembly: map company data and prior work into the required sections, surface missing information and give lawyers a coherent draft to revise. That can compress days of junior-lawyer and client coordination. It does not remove the need to verify every claim, reconcile financial tables, tailor risk disclosures or decide what is material.

The partnership also matters as a distribution model. A frontier lab supplies models and engineering; a law firm supplies templates, confidential workflow knowledge and professional accountability. The resulting product is less likely to look like a general chatbot and more like a controlled drafting system whose output remains inside an established review process.

The open questions are accuracy, privilege, data retention and whether faster drafting reduces total cost or simply moves professional effort toward review and negotiation. “Minutes” describes production of a first draft, not readiness to file.