Legal costs firm Kain Knight , market leaders in the legal costs industry, has appointed Peter Petyt as its new Chief Executive Officer to implement the firm’s new growth plan. He will assume his role from 1 April.
Peter Petyt, a former Corporate Finance Partner at accountancy firm MHA MacIntyre Hudson in London, will be focusing on business development both nationally and internationally, the introduction of new services which complement Kain Knight’s existing skillsets, and consolidation opportunities in what is a highly fragmented market.
Since 2001, Peter has been a Corporate Finance specialist, working with a number of leading UK accounting firms, including Pridie Brewster, UHY Hacker Young and BTG McInnes, as well as the Corporate Finance and Consulting division of BDO in Bahrain. Most recently he has been the head of Corporate Finance at MHA MacIntyre Hudson in London. Prior to this Peter spent time in industry where he focused on business development and M & A for several UK SME companies.
Peter is a former Deputy Chairman of the Corporate Finance Faculty of the Institute of Chartered Accountants of England and Wales and is co-founder of the Middle East Network of the Faculty.
One of Peter’s first moves has been to strengthen Kain Knight’s Board of Directors. He has appointed Nick Hood and Jonathan Metliss as Non-Executive Directors. Nick Hood is a Chartered Accountant and former Insolvency Practitioner, and Jonathan Metliss is a solicitor and a senior consultant at law firm Davenport Lyons. Both have a wide circle of relevant contacts and strong experience in growing professional practices.
Michael Kain, the founder of Kain Knight, remains as Chairman, and will continue to work full time focusing on key client relationships and large commercial cases.
Commenting on the appointment of Peter Petyt, Michael Kain said: “I am delighted to announce the appointment of Peter Petyt as our new Chief Executive Officer. Peter’s is a new role for Kain Knight, and his appointment is vital to our growth plans. In the coming months we will be broadening our range of services, enhancing our technical capabilities and back office functions, and bringing some welcome innovations to a market that is still getting to grips with the Jackson reforms. The post-Jackson world of costs is facing a massive shake up, with the impact most felt by smaller firms of costs draftsmen and single operators. Commercial clients will look for a full professional service that only larger firms like ours can provide.”
Peter Petyt commented: “I am delighted to be joining Kain Knight, which has played a leading role in establishing and developing the specialist legal costs market over the past 35 years. It is a role which will allow me to leverage my business development and financial experience from the last 25 years and my extensive range of contacts in the legal sector. It will be a privilege to lead such a strong team as we work with our clients to take full advantage of the new civil costs landscape post the far-reaching Jackson reforms.”