Kirkpatrick & Lockhart Preston Gates Ellis has moved to beef up its Manhattan financial services practice with the hire of the former managing director of Bear Stearns' legal arm in New York.

Philip Cedar joins the New York arm of K&L Gates as a partner from the legal department of the stricken investment bank, where he was in charge of a team of 20 lawyers. Cedar's practice focuses on securities and mortgage litigation and investigations.

Prior to working at Bear Stearns, Cedar was in private practice with New York giant Skadden Arps Slate Meagher & Flom.

Commenting on the appointment, Woody Collins, K&L Gates' administrative partner in New York, said: "The depth of Phil's experience in the securities and finance areas and on regulatory matters is an important addition to the firm's financial services practice."

Chairman and global managing partner Peter Kalis added: "As a senior lawyer with extensive ties throughout the Wall Street community and an enviable portfolio of practice experiences, Phil will contribute to the growth of our New York office and enhance our ability to serve existing clients and attract new ones."

This year the Pittsburgh-based law firm has concentrated on broadening its international reach after opening new offices in Paris and Shanghai, well as merging with nine-lawyer Taipei firm J&J Attorneys-at-law.

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