Well-known thief catches boy and girl stealing (7)
I believe the answer is:
robbing
'girl stealing' is the definition.
'robbing' can be an answer for 'stealing' (I've seen this before). I am unsure of the 'girl' bit.
'well-known thief catches boy' is the wordplay.
'well known thief' becomes 'robing' (I can't explain this - if you can you should believe this answer much more).
'catches' is an insertion indicator.
'boy' becomes 'b' (abbreviation used in schools).
'robing' enclosing 'b' is 'ROBBING'.
'and' acts as a link.
Can you help me to learn more?
(Other definitions for robbing that I've seen before include "Stealing from" , "larceny" .)