Scholarly king and outlaw (7)

I believe the answer is:

learned

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'scholarly' is the definition.
(similar in meaning)

'king and outlaw' is the wordplay.
'king' becomes 'lear' (King Lear).
'and' says to put letters next to each other.
'outlaw' becomes 'ned' (I can't explain this - if you can you should believe this answer much more).
'lear'+'ned'='LEARNED'

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(Other definitions for learned that I've seen before include "Got to know" , "Well-educated" , "Educated, scholarly" , "Full of knowledge" , "Erudite, knowledgeable" .)

I've seen this clue in the Sydney Morning Herald.

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