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.

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Media Contact:

Ty Trippet, +1.212.617.2443, ttrippet@bloomberg.net