Press Release

Five Partners from Existing Legal Team at Willkie Farr & Gallagher to Join Bloomberg; Willkie Farr & Gallagher Supports Transition and Remains Primary Outside Law Firm; Richard K. DeScherer appointed Chief Legal Officer

New York -- Bloomberg LP announced today that five partners from Willkie Farr & Gallagher will be coming to Bloomberg as full-time employees to join the existing Bloomberg legal team, effective January 1, 2012. The newly constituted internal legal team will include Dick DeScherer, Dan Grossman, David Levine, Carol Mascera and Sarah Osborn from Willkie. DeScherer will become Chief Legal Officer.

“Dick DeScherer has been a vital partner to Bloomberg for several decades and we’re thrilled to welcome him as the Chief Legal Officer of the company. We are also looking forward to the addition of his talented colleagues from Willkie Farr & Gallagher and integrating them into our existing internal legal team,” said Bloomberg Chairman Peter T. Grauer.

“As a growing company operating in almost 200 locations around the world, we are finding unprecedented opportunities for growth in our customer base, our product offerings and our local partners. Bloomberg will benefit greatly from a ramp-up of both the number and range of expertise of in-house legal staff to ensure we are much more efficient and nimble as we seek to take advantage of these global opportunities” said Bloomberg CEO Daniel L. Doctoroff.

Willkie Farr & Gallagher has been Bloomberg’s primary outside legal counsel since 1987 and DeScherer has worked with the company during the same time period, serving on the Bloomberg Board of Directors for more than 25 years -- a role he will continue. Willkie Farr & Gallagher is supporting this transition and will continue as the company’s primary external law firm.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength - delivering data, news and analytics through innovative technology, quickly and accurately - is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government, Bloomberg New Energy Finance and BNA, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.

Media Contact:

Ty Trippet, +1.212.617.2443,


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