Debevoise & Plimpton LLP has been named “Law Firm of the Year in Asia-Pacific: Fund Formation” in the annual Private Equity International Awards.

The firm also came runner up in affiliate title Secondaries Investor’s annual awards, in the “Secondaries Law Firm of the Year in Asia-Pacific” category.

The annual awards are decided upon by PEI’s judging panel through a submissions process, as well as canvassing market views to find out which firms, institutions, funds and exits stood out during the year.

Debevoise was one of the first firms to advise private equity funds on their activities in Asia, and has remained at the forefront of the sector ever since. Over the years, it has been consistently ranked at the top of all the relevant league tables. It has advised the most prominent and innovative funds in Asia, constantly leveraging its superior understanding of the Asia market to deliver successful solutions to clients. Chambers Asia-Pacific has described the Asia Funds practice as “the gold standard regarding fund formation.”