K&L Gates bags Bear Stearns managing director

<a class=K&L Gates bags Bear Stearns managing director” />K&L Gates has snared Bear Stearns managing director and in-house lawyer for its New York office.

Philip Cedar, who was the head of Bear Stearns mortgage and asset-backed securities legal division, joins the firm today (16 June 2008) as partner in the financial services practice.

K&L Gates New York office head, Woody Collins, said: “We know Phil extremely well, having worked closely with him while he was at Bear Stearns.

“New York is a focus for growth at K&L Gates and Phil’s experience with financial institutions will be an asset to the firm.”

Cedar, who worked in the legal department at Bear Stearns for 15 years, was at Skadden Arps Slate Meagher & Flom and at Mintz Levin before joining the bank.

Cedar said: “Going back into private practice is exciting for me. I am looking forward to having a range of clients again. The move is perfect because my experience in asset-backed securities division at Bear Stearns fits in well with the firm.”

K&L Gates has embarked on an aggressive global expansion strategy in recent months announcing its office launch in Shanghai in April, and merging with US firm Kennedy Covington Lobdell & Hickman on May 1 and Taiwanese firm J&J Attorneys-at-law on 14 May.