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Bloomberg LP to Expand In-House Legal Department

October 27, 2011

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,