Almost twenty legal professionals are leaving Willkie Farr & Gallagher to join Bloomberg’s existing legal team, effective January 1, 2012.
That number includes five partners, and perhaps fifteen associates and counsel. Among those leaving Willkie include Dick DeScherer, Dan Grossman, David Levine, Carol Mascera and Sarah Osborn. DeScherer will join the company as Chief Legal Officer.
Bloomberg Chairman Peter T. Grauer was quoted as saying in a press release at the company’s website: “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.”
Richard “Dick” DeScherer is a partner in the firm’s Corporate and Financial Services Department and Chair of the Information Systems/Technology Practice Group in New York. He focuses his practice on general corporate law, information technology, media, and intellectual property.
Bloomberg CEO Daniel L. Doctoroff was quoted as saying in the October 27th press release at the company’s website: “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.”
Bloomberg is one of Willkie’s largest clients, and will continue to be. The firm has served Bloomberg as its primary outside legal counsel for almost 25 years. For almost the same amount of time, DeScherer has served on the Board of Directors of Bloomberg, and he will continue to do so.
Bloomberg is known as the global business and financial information and news leader. The company gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength lies in its delivery of data, news and analytics through innovative technology, quickly and accurately.
Michael Rubens Bloomberg is the founder and eighty-eight percent owner of Bloomberg L.P, and a widely acclaimed business magnate, politician, and philanthropist. Since 2002, he has been the Mayor of New York City and, with a net worth of $18.1 billion in 2011, he is also the 13th-richest person in the United States.
Founded in 1888, Willkie Farr & Gallagher LLP has nearly 600 attorneys. An international law firm with eight locations in six countries, including offices in New York, Washington, D.C., London, Paris, Rome, Milan, Frankfurt and Brussels, the firm has an established corporate practice which focuses on investment funds, bankruptcy and intellectual property. The firm has a wide variety of clients, ranging from Fortune 500 to pro bono community causes.