Ranking tables
Capital Markets | Asia-Pacific
Indonesia
Rankings overview for Departments
Band 1
Band 2
- Ginting & Reksodiputro in association with A&O Shearman 14 Years Ranked
- Hadiputranto, Hadinoto & Partners 18 Years Ranked
- Witara Cakra Advocates in association with White & Case LLP
Band 3
- Armand Yapsunto Muharamsyah & Partners 6 Years Ranked
- Widyawan & Partners (in association with Linklaters) 7 Years Ranked
- TnP Law Firm
- Tumbuan & Partners
Senior Statespeople
Eminent Practitioners
- 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
- Tjahjadi Bunjamin Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills17 Years Ranked
- Viska Kharisma Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills5 Years Ranked
- Kristo MolinaWitara Cakra Advocates in association with White & Case LLP
- Rambun TjajoTnP Law Firm
Band 3
- Arie Armand Armand Yapsunto Muharamsyah & Partners8 Years Ranked
- Dandy Firmansyah Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills1 Years Ranked
- Hendrik Silalahi William Hendrik & Siregar Djojonegoro1 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
Up and Coming
- Ahmad Zakaria UMBRA1 Years Ranked
- Elvino Martinus Santoso, Martinus & Muliawan Advocates3 Years Ranked
- Erwin Kurnia WinendaDentons HPRP
All Departments profiles
Band 1
1 Assegaf Hamzah & PartnersCapital Markets2025 | Band 1 | 18 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.1 Hiswara Bunjamin & Tandjung in association with Herbert Smith FreehillsCapital Markets2025 | Band 1 | 17 Years RankedHiswara Bunjamin & Tandjung has a respected capital markets law practice in Indonesia, receiving frequent instructions from global investment banks on bond offerings, as well as handling IPOs for international and Indonesian clients. The team is well versed in Regulation S and Rule 144A issuances and offers significant cross-border capability through its Herbert Smith Freehills association. The group is able to draw on expertise in sectors such as energy, financial services, consumer goods and TMT.1 Makes & PartnersCapital Markets2025 | Band 1 | 18 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.
Band 2
2 Ginting & Reksodiputro in association with A&O ShearmanCapital Markets2025 | Band 2 | 14 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, telecoms and finance.2 Hadiputranto, Hadinoto & PartnersCapital Markets2025 | Band 2 | 18 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.- Witara Cakra Advocates in association with White & Case LLPCapital Markets2025 | Band 2
Band 3
3 Armand Yapsunto Muharamsyah & PartnersCapital Markets2025 | Band 3 | 6 Years RankedArmand Yapsunto Muharamsyah & Partners has a recognised 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.3 Widyawan & Partners (in association with Linklaters)Capital Markets2025 | Band 3 | 7 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.
Band 4
4 ABNR Counsellors at LawCapital Markets2025 | Band 4 | 15 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.4 Imran Muntaz & CoCapital Markets2025 | Band 4 | 2 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.4 Santoso, Martinus & Muliawan AdvocatesCapital Markets2025 | Band 4 | 2 Years RankedSantoso, Martinus & Muliawan Advocates in Jakarta has a well-regarded team of lawyers focussed on capital markets transactions. The lawyers often handle IPO deals, acting both for financiers and issuers, as well as public M&A and global depository receipt offerings.4 UMBRACapital Markets2025 | Band 4 | 1 Years RankedUMBRA is well placed to advise clients on a range of capital markets issues such as IPOs, convertible bonds and take-private transactions. The firm counts prominent Indonesian banks, energy companies and state-owned enterprises among its clientele.4 William Hendrik & Siregar DjojonegoroCapital Markets2025 | Band 4 | 1 Years RankedWilliam Hendrik & Siregar Djojonegoro is a highly regarded firm for capital markets transactions and related regulatory matters in Indonesia. The firm represents clients in IPOs, bonds issuances and rights issues.