According to the awarding body, the accolade “marks the hard work and stellar efforts of those who have helped shape this unique and dynamic industry, and our comprehensive selection and judging process singles out the true market leaders of 2016”.

Matheson’s entry was shortlisted by a peer review system, and selected by a judging panel which took into consideration votes, substantiating evidence and research.

Tara Doyle, head of Matheson’s asset management and investment funds group, said: “We are delighted to have won this award, following on from being awarded Best AIFMD Law Firm Europe by Wealth & Finance International in 2014 and 2015.

“This accolade recognises our success in delivering on our commitment to provide excellent client service by drawing on the considerable breadth and depth of expertise within our team.”

The asset management and investment funds group at Matheson is led by 11 partners and comprises over 50 fund professionals.