O’Melveny Named Top Fund Formation Practice in Asia by Private Equity InternationalMarch 01, 2011
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
LOS ANGELES, CALIFORNIA ─ MARCH 1, 2011 ─ O’Melveny & Myers LLP has been named by the readers of Private Equity International and PEI Asia as having the top fund formation practice in Asia. PEI also ranked the Firm in the top three for fund formation in Europe.
In its release announcing the awards for top PE funds, law firm, and other advisors of the year, PEI bestowed O’Melveny the top honor of Asia fund formation law firm of the year, noting that its clients include “some of the most high profile new names in Asian private equity.” Singapore-based partner Dean Collins, head of the Asia funds practice, said, “this award means so much to us as it is voted for by the people whose views really matter: our private equity clients.”
The PEI Asia Awards release also identified the Firm’s funds formation practice as being “at the forefront of the RMB/USD fund industry in China.” Partner Larry Sussman, head of O’Melveny’s Beijing office, added, “in the six years since O’Melveny closed the first foreign-invested RMB fund, we’ve grown to become the largest local team of funds formation specialists in Asia with a cohesive strength which places us in a position of thought leadership in the space.”
O’Melveny has one of the broadest and deepest private equity and funds teams in Asia, with more than 15 dedicated funds formation lawyers in Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. The Firm’s Asia team includes lawyers who have worked both in-house and on the business side at major industry players.
For the past 10 years, the readers of the prestigious Private Equity International and PEI Asia publications have chosen winners across a number of topics without input from the publication’s editors or from the law and private equity firms themselves. The global poll attracts more than 100,000 votes from fund managers, investors, and advisors in more than 50 countries, according to the publication.
In other recent awards, the O’Melveny Asia team was recognized for its first rate services to clients, once again being named as the Private Equity Market Lead Legal Advisor (2010) for fourth time in the past five years as well as the VC/PE Foreign Fund Raising Legal Advisor of the Year 2010 by Zero2IPO. Chambers Asia highlighted O’Melveny’s excellence in China, short-listing the Firm for the 2011 practice awards, which will be announced in April, as well as giving the firm top-tier rankings in a number of Asian private equity fund formation categories.
As a mark of the Firm's continued ambitions in Asia, in January, funds partner and secondaries specialist James Ford (who advised on the deal named by PEI as European secondaries deal of the year) moved from the Firm's London office to Hong Kong.
About O’Melveny & Myers LLP’s Asia Practice
O'Melveny & Myers LLP began its practice in Asia nearly 25 years ago, and over this time we have become one of the most respected and full-service legal service providers in the region. The Firm maintains large offices in the most important political and commercial centers of Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. Most of our lawyers are native to the region, understand the local law and business practices, speak the local languages, and, most importantly, function as an integrated team that taps the Firm’s vast resources in Asia and globally, delivering value and expediency to its clients. The China practice is widely and frequently recognized as one of the strongest on the market. The Japan practice has been recommended by The Legal 500 and Chambers Global for corporate, mergers and acquisitions, and dispute resolution work. Our newest office in Singapore, opened in 2008, has grown rapidly and is a hub for corporate, finance, and private equity work for the entire South and Southeast Asia region. For more information, please visit www.omm.com.
About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com