The marriage between Bloomberg and BNA seems to be moving right along. Today, Bloomberg Law announced that BNA’s CEO, Greg McCaffery, is now the CEO of Bloomberg Law, taking the place of the retiring Larry Thompson. McCaffery has been at BNA since 1986 where he moved up from staff Editor to COO and then President/CEO. I have enjoyed talking over the years with McCaffery and think he will be a good fit for Bloomberg Law as they attempt to make strides to build market share with the Bloomberg Law product. On a side note, I met Larry Thompson at AALL in Boston back in July. I complimented him on the way Bloomberg and BNA integrated the two products into the Bloomberg Law platform. I’m still amazed at how quickly they migrated the BNA data over, and how few complaints I heard from users on the new platform. Larry Thompson deserves much of the credit for that transition. I wish Larry the best of luck and hope he enjoys retirement.
Here’s the press release from Bloomberg Law that was sent to me by Jill Goodkind.
NEW YORK — Bloomberg today announced that Greg McCaffery has been named Chief Executive Officer of Bloomberg Law, the innovative real-time legal research system from the world leader in data and information services. McCaffery most recently served as CEO and President of Bloomberg BNA, a wholly-owned subsidiary of Bloomberg. Bloomberg acquired BNA, the legal and regulatory publishing company, on September 30, 2011.
“Greg McCaffery is a strong, innovative chief executive who has done a stellar job leading BNA,” said Dan Doctoroff, CEO and President of Bloomberg. “He will now play a major role in driving Bloomberg Law.”
As CEO, McCaffery will be responsible for development and execution of strategy and management of day-to-day operations as Bloomberg Law expands its role as a leader in the field of online legal research. He succeeds Larry Thompson, who is retiring. McCaffery will continue to report to Beth Mazzeo, Bloomberg’s Global Head of Data Products and the leader of the company’s vertical businesses.
“We are very excited to have Greg leading Bloomberg Law as we focus on the next phase of expansion. Greg brings a 26-year track record of success in building BNA, including the development of a top national sales team,” said Mazzeo. “We thank Larry Thompson for his hard work and dedication over the past two years and for establishing a strong foundation on which Greg can build.”
Bloomberg Law has revolutionized the legal research industry with a truly integrated platform. Subscribers have unlimited access to any of the information in the Bloomberg Law system – from Bloomberg BNA’s legal coverage to Bloomberg’s proprietary news to dockets to primary legal research – as often as they want and whenever they want. Bloomberg Law’s all-inclusive, transparent and predictable pricing means that every user has the same unrestricted, unlimited access to the information in its databases.
“This is a unique opportunity to play a leadership role in the future of the legal research industry,” said McCaffery. “With the integration of Bloomberg BNA content, we have created a legal information powerhouse in Bloomberg Law that we will continue to grow and expand. I am incredibly proud to lead Bloomberg Law and its talented professionals into the next phase of its success.”
“I have every confidence that Greg, with the extraordinary experience he has developed in over 25 years at BNA, will provide Bloomberg Law with the dynamic leadership to continue on its successful path,” said Bloomberg Law Chairman Lou Andreozzi. “Already, over the past year, Greg has contributed significantly to that success with the smooth integration of BNA’s content into the Bloomberg Law platform. We are lucky to have Greg at the helm as we execute the next phase of Bloomberg Law.”
McCaffery began his career at BNA in 1986 and held reporting and editing positions on several BNA publications until 1990, when he was appointed to management. He was elected President and Chief Operating Officer in April 2007. McCaffery was appointed President and Chief Executive Officer of Bloomberg BNA in January 2012. He holds a Bachelor of Science degree from American University, and has completed course work at the University of London, the California Institute of Technology, and The Wharton School at the University of Pennsylvania.
About Bloomberg Law
Bloomberg Law is the real-time legal research system that integrates innovative search technology, comprehensive legal content, company and market information, and proprietary news all in one place. This collaborative workspace also includes a suite of new tools for more effective legal analysis and more productive client development. Bloomberg Law is the recipient of the 2012 American Association of Law Libraries New Product of the Year Award. For more information, visit BloombergLaw.com.
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.