Day Pitney has hired a pair of former Shipman & Goodwin partners based in New York and Stamford, Connecticut in order to beef up its corporate transactions group in the realm of private equity and finance.

Touting it as a strategic move designed to expand its private equity, finance and investment management practices, Day Pitney announced in a statement on Monday that it has hired new partners Peter Bilfield and Steven Gold. Both lawyers join from Connecticut-based law firm Shipman & Goodwin, and Bilfield steps into a leadership role at Day Pitney as co-chair of the firm's investment management and private funds group.

“Peter and Steve will enable us to provide even more depth and experience to assist our business and individual clients,” R. Scott Beach, chair of Day Pitney's corporate and business law department, said in the statement. “We are looking forward to working with such talented lawyers. Their experience will strengthen our existing team and complement the practices of the partners we added earlier this year in the family office, international tax and venture finance areas.”

Bilfield, whose legal practice focuses on investment management and corporate and securities law, comes to Day Pitney after more than eight years at Shipman & Goodwin, where he was based in Stamford and served as a member of that firm's sub-group on investment management, according to his profile on the professional networking site LinkedIn. His experience includes advising clients in industries that range from the media sector to aerospace and financial services, on securities law compliance and general corporate advice. He's also worked with investment firms outside of the U.S. in Europe, Asia and Australia, and has helped institutional investor clients review and negotiate the terms of their investment agreements.

Gold, who also comes to Day Pitney as a partner, has a client base that includes entrepreneurs, commercial banks, investment banks, investors and technology companies, according to Day Pitney. His legal practice focuses on corporate law, commercial finance and mergers and acquisitions, and he has advised clients on financial transactions, investments, asset-based lending and restructuring, among other areas.

The announcement from Day Pitney follows other recent lateral partner hires by the firm in the New York area. In June, the firm picked up Adam Grant, a former Polsinelli and Kasowitz Benson Torres litigation partner who focuses on commercial and white collar cases. Grant joined Day Pitney after moving in 2015 from Kasowitz to Polsinelli, where he became the latter firm's first commercial litigator based in New York.

Earlier in the year, Day Pitney added tax partner Von Sanborn from Withers Bergman, and brought back David Waizer, who re-joined Day Pitney as a partner in its private equity and venture capital practices after a stint as senior managing director and general counsel of venture capital firm Rein Capital LLC.