Ranking tables
Capital Markets | Asia-Pacific
Indonesia
Rankings overview for Departments
Band 1
- Assegaf Hamzah & Partners 17 Years Ranked
- Makes & Partners 17 Years Ranked
- Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills
Band 2
- Ginting & Reksodiputro in association with A&O Shearman 13 Years Ranked
- Hadiputranto, Hadinoto & Partners 17 Years Ranked
- Witara Cakra Advocates in association with White & Case LLP
Band 3
- Widyawan & Partners (in association with Linklaters) 6 Years Ranked
- TnP Law Firm
- Tumbuan & Partners
Band 4
- ABNR Counsellors at Law 14 Years Ranked
- Armand Yapsunto Muharamsyah & Partners 5 Years Ranked
- Imran Muntaz & Co 1 Years Ranked
- PwC Legal Indonesia
- Santoso, Martinus & Muliawan Advocates
Senior Statespeople
Eminent Practitioners
- Yozua Makes Makes & Partners17 Years Ranked
- Melli DarsaPwC Legal Indonesia
Band 1
Band 2
- Adrian Pranata Widyawan & Partners (in association with Linklaters)9 Years Ranked
- Andrew Mohammad Ginting & Reksodiputro in association with A&O Shearman5 Years Ranked
- Putu Suryastuti Assegaf Hamzah & Partners10 Years Ranked
- Kristo MolinaWitara Cakra Advocates in association with White & Case LLP
- Rambun TjajoTnP Law Firm
- Tjahjadi BunjaminHiswara Bunjamin & Tandjung in association with Herbert Smith Freehills
- Viska KharismaHiswara Bunjamin & Tandjung in association with Herbert Smith Freehills
Band 3
- Arie Armand Armand Yapsunto Muharamsyah & Partners8 Years Ranked
- Imran Muntaz Imran Muntaz & Co1 Years Ranked
- Intan Paramita Assegaf Hamzah & Partners2 Years Ranked
- Mohammad Renaldi Zulkarnain Assegaf Hamzah & Partners2 Years Ranked
- Tunggul Utomo Assegaf Hamzah & Partners4 Years Ranked
- Jennifer TumbuanTumbuan & Partners
- Ken PrasadtyoTnP Law Firm
Associates to watch
- Dandy FirmansyahHiswara Bunjamin & Tandjung in association with Herbert Smith Freehills
All Departments profiles
Band 1
1 Assegaf Hamzah & PartnersCapital Markets2024 | Band 1 | 17 Years RankedAssegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on bond issuances, IPOs and private placements in Indonesia. Additionally the team is adept at advising on Shari'a-compliant sovereign debt issuances. The group is particularly active for issuers, advising several of Indonesia's largest corporates in the energy, mining and TMT sectors. The firm also represents government entities and financial institutions in capital markets transactions. Merdeka Copper Gold, Indika Energy and Barito Pacific are among the team's clients.1 Makes & PartnersCapital Markets2024 | Band 1 | 17 Years RankedMakes & Partners is a premier capital markets law group, predominantly acting for leading Indonesian corporates on both debt and equity offerings. The team regularly handles big-ticket IPOs, rights issues and bond offerings, advising clients from numerous sectors including real estate and telecoms. The firm's senior lawyers are recognised by commentators for their longstanding experience and Indonesian market connections. Lippo Karawaci, Profesional Telekomunikasi Indonesia and Golden Energy and Resources are clients.- Hiswara Bunjamin & Tandjung in association with Herbert Smith FreehillsCapital Markets2024 | Band 1
Band 2
2 Ginting & Reksodiputro in association with A&O ShearmanCapital Markets2024 | Band 2 | 13 Years RankedLeveraging its association with A&O Shearman, Ginting & Reksodiputro offers strong legal expertise in both Indonesian and overseas debt and equity issues. The team handles a range of high-yield bond offerings as well as rights issuances. The firm acts for both banks and issuers, counting leading global financial institutions, Indonesian corporates and government entities among its clientele. The department handles capital markets deals in sectors such as energy, transportation, manufacturing and natural resources. Garuda Indonesia, XL Axiata and CIMB Niaga Sekuritas are notable clients. On 1st May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman.2 Hadiputranto, Hadinoto & PartnersCapital Markets2024 | Band 2 | 17 Years RankedHadiputranto, Hadinoto & Partners is a highly respected law firm in Indonesia, equally proficient in debt and equity offerings, advising on IPOs, rights issues, bonds and securities, with significant Regulation S and Rule 144A expertise. The team assists both issuers and banks, including multinational and domestic clients, with impressive international reach thanks to its Baker McKenzie connection. The firm is frequently involved in transactions in the natural resources, finance and telecoms sectors. Clients of the capital markets team include Bank Syariah, Bank Negara Indonesia and Tunas Ridean.- Witara Cakra Advocates in association with White & Case LLPCapital Markets2024 | Band 2
Band 3
3 Widyawan & Partners (in association with Linklaters)Capital Markets2024 | Band 3 | 6 Years RankedWidyawan & Partners is recognised for its busy DCM practice in Indonesia, with a particular focus on international mandates. The lawyers act for global financial institutions on high-value bond issuances, including Rule 144A deals, as well as advising Indonesian issuers. The firm often leverages the Linklaters network to advise on cross-border transactions. Clients of the capital markets team include J.P. Morgan Securities, Nickel Industries and BNP Paribas.
Band 4
4 ABNR Counsellors at LawCapital Markets2024 | Band 4 | 14 Years RankedABNR Counsellors at Law offers an active capital markets practice in Indonesia, advising both underwriters and issuers on global and local equity and debt capital markets issuances. The firm regularly represents international banks and major domestic state-owned corporations. Clients represented include Bank IBK Indonesia, Pinhome and Gotrade Technologies.4 Armand Yapsunto Muharamsyah & PartnersCapital Markets2024 | Band 4 | 5 Years RankedArmand Yapsunto Muharamsyah & Partners has a notable presence in Indonesia's capital markets arena. The lawyers advise clients on equity capital markets including rights issuances, share offerings and private placements. The team is experienced acting as issuers' and underwriters' counsel. Clients include Arkora Hydro, Mandiri Sekuritas and CIMB Niaga Sekuritas.4 Imran Muntaz & CoCapital Markets2024 | Band 4 | 1 Years RankedImran Muntaz & Co is a boutique law firm in Jakarta with a strong focus on capital markets transactions. The team particularly advises issuers on IPOs both in Indonesia and overseas, as well as assisting with bond issuances. The team advises clients in sectors such as finance, real estate, consumer goods and manufacturing. Clients include Estee Gold Feet, Winner Nusantara Jaya and Oscar Mitra Sukses Sejahtera.