Hiswara Bunjamin & Tandjung

What Hiswara Bunjamin & Tandjung does

Hiswara Bunjamin & Tandjung (HBT) is a full-service Indonesian commercial law firm founded in 1999 and headquartered in Jakarta at the 18th floor of Tower I, Sudirman 7.8. The firm provides legal advisory services across 14 practice areas — including corporate, M&A, capital markets, finance, dispute resolution, projects, employment, competition, financial services regulatory, and restructuring — and 13 industry sectors spanning banking, energy, mining, infrastructure, technology, healthcare, real estate, fintech, and agribusiness. HBT's client base comprises multinational corporations, financial institutions, and government and sovereign entities operating in or entering Indonesia.

HBT's defining structural feature is a 25-year association with global law firm Herbert Smith Freehills Kramer (HSF Kramer). All HBT partners are experienced Indonesian lawyers; senior international counsel are seconded from HSF Kramer into the Jakarta office, enabling the firm to deliver Indonesian-law advice integrated with international legal and client-service standards. Notable recent mandates include advising Bank Mandiri on a USD 750 million global bond offering, Merdeka Gold Resources on an HKD 2.4 billion secondary listing of Hong Kong depositary receipts, and PT Danantara Investment Management on a US$1.5 billion bond issuance. In 2025 HBT was named Indonesia Firm of the Year by Benchmark Litigation and held top-tier rankings across Chambers Asia Pacific, IFLR1000, and Legal 500.

The firm generates revenue through professional services fees billed on a transaction and hourly basis, with pricing determined by matter complexity and engagement scope and distributed via direct, relationship-based enterprise engagement. Distribution is single-channel: HBT delivers services through its Jakarta headquarters with international counsel support, reaching enterprise clients across the financial, mining, telecommunications, healthcare, consumer, and government sectors. Headcount is in the 101-250 range, with recent organisational moves including the October 2024 hire of disputes partner Harris Toengkagie and the April 2026 promotions of Paskalia Deviani and Astri Widita Kusumowidagdo to partner.

Name

Hiswara Bunjamin & Tandjung

Legal name

Hiswara Bunjamin & Tandjung

Website

https://hbtlaw.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Hiswara Bunjamin & Tandjung is a full-service Indonesian commercial law firm in Jakarta, advising multinational corporations, financial institutions, and government entities across 14 practice areas and 13 sectors through a 25-year association with Herbert Smith Freehills Kramer.

Ownership category

akta.pro rank

Product category

Commercial Legal Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Corporate & Commercial Law (BPAHAAAA)

akta.pro secondary industries

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI), Regulatory & Compliance Law (BPAHAAAC), Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH)

Keywords

• Corporate legal advisory
• Capital markets law
• Mergers and acquisitions
• Dispute resolution services
• Banking and finance law

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Advisory Services: Professional legal services billed on transaction and hourly basis for complex corporate transactions, capital markets deals, M&A, disputes, projects, and regulatory matters in Indonesia

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Full-service Indonesian commercial law firm providing legal advisory across 14 practice areas (Corporate, M&A, Capital Markets, Finance, Dispute Resolution, Projects, Employment, Competition, Financial Services Regulatory, Bankruptcy & Restructuring, Corporate Crime & Investigations, Joint Ventures & Investments) and 13 industry sectors. Services cover complex transactions, capital markets, financings, regulatory matters, dispute resolution, M&A, projects, and employment law for multinational corporations, financial institutions, and government entities in Indonesia.

Product overview

Hiswara Bunjamin & Tandjung (HBT) is a leading Indonesian commercial law firm providing full-service legal advisory. The firm operates as a unified legal services platform offering sector-specific and cross-practice legal counsel across 13 industry sectors (including Banking, Capital Markets, Energy, Mining, Infrastructure, Technology Media and Telecommunications, and Healthcare) and 14 practice areas (including Corporate, M&A, Finance, Capital Markets, Dispute Resolution, and Projects). Rather than a modular software product, HBT offers integrated legal advisory services delivered by experienced Indonesian lawyers working in association with Herbert Smith Freehills Kramer to provide clients with first-class local knowledge combined with international legal standards.

Differentiator

Problem solved

Functional benefit

Products and services

• Legal Services - Banking and Financial Institutions Comprehensive legal advisory for banks, financial institutions, insurers, and asset managers covering capital and liquidity management, regulatory compliance, and strategic projects.
• Legal Services - Capital Markets Legal counsel for equity, equity-linked, and debt capital markets transactions including IPOs, secondary fundraisings, investment grade bonds, GMTN programmes, and sovereign issues.
• Legal Services - Corporate Corporate legal advisory supporting clients through all stages of corporate development, including cross-border transactions, due diligence, regulatory navigation, and transaction management.
• Legal Services - Mergers and Acquisitions M&A legal services for corporates, financial sponsors, investment banks, and investors executing mergers, acquisitions, joint ventures, takeovers, and corporate restructurings.
• Legal Services - Finance International banking and finance legal services for borrowers, lenders, and advisers on all forms of financings, with expertise in energy, natural resources, and infrastructure project financings.
• Legal Services - Dispute Resolution Dispute resolution services including litigation, arbitration, mediation, and alternative dispute resolution across all industry sectors.
• Legal Services - Projects Legal advisory for infrastructure, mining, construction, engineering, and energy projects including project structuring, financing, risk management, and contract negotiation.
• Legal Services - Employment Employment law advisory covering termination, redundancy, service agreements, labour unions, and expatriate employment procedures.
• Legal Services - Competition Competition and antitrust legal advisory including regulatory navigation, merger control, and enforcement defence.
• Legal Services - Corporate Crime and Investigations Corporate crime and investigations advisory covering bribery, corruption, sanctions, fraud, money laundering, insider dealing, cartels, and corporate manslaughter.
• Legal Services - Financial Services Regulatory Financial services regulatory advisory including regulatory change, enforcement, governance, risk management, compliance, and market conduct.
• Legal Services - Bankruptcy and Restructuring Restructuring and insolvency legal services for debtors, lenders, and investors including non-performing loan portfolio transactions and distressed investment opportunities.
• Legal Services - Joint Ventures and Investments Legal advisory for joint venture structuring, foreign direct investment, and investment transactions in Indonesia.

Quantifiable outcome

• First dual listing by an Indonesia Stock Exchange-listed issuer on SEHK in over 10 years
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Herbert Smith Freehills KramercoreStrategic or Co-development Partner · 1 January 199925-year association with Herbert Smith Freehills Kramer creating an unrivalled combination of first-class local knowledge and highest international legal and client standards. The partnership enables delivery of Indonesia's most complex transactions, projects, disputes and regulatory matters with seamless integration of local expertise and international capabilities.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Hadiputranto Hadinoto & Partners (HHP Law Firm, member of Baker McKenzie): Long-established Indonesian law firm and member of Baker McKenzie, offering full-service legal advice across corporate, M&A, capital markets, and projects with similar international-network-backed delivery. HBT's principal rival for the same Indonesia-headquartered and multinational clients.
• Soemadipradja & Taher: Indonesian full-service law firm with a strong reputation in corporate, banking & finance, capital markets, and dispute resolution. Frequently appears alongside HBT in legal directory top-tier rankings for Indonesian work.
• Assegaf Hamzah & Partners (in association with Allen & Overy Shearman): One of HBT's closest direct competitors in the Indonesian tier-1 legal market, providing full-service corporate, M&A, capital markets and dispute resolution advice with an international alliance with A&O Shearman. Comparable in scale, sector coverage, and clientele.
• Ali Budiardjo, Nugroho, Reksodiputro (ABNR): One of the largest and longest-established Indonesian law firms, providing full-service legal advisory across M&A, capital markets, energy, infrastructure and dispute resolution. Competes with HBT for tier-1 mandates in the Indonesian market.
• Makarim & Taira S. Leading independent Indonesian law firm providing full-service corporate, M&A, banking and finance, capital markets, and dispute resolution advice. Competes directly with HBT for top-tier Indonesian transactional and litigation mandates.
• SSEK Indonesian Legal Consultants: Indonesian legal consultancy with strong corporate, M&A, energy, and natural resources practices, comparable in client mix and tier-1 directory positioning to HBT in several overlapping practice areas.
• Oentoeng Suria & Partners (in association with Ashurst): Indonesian law firm associated with Ashurst, offering full-service corporate and transactional advice in Indonesia. Competes with HBT for cross-border mandates sourced through international firms.
• Ginting & Reksodiputro (in association with Dentons HPRP): Indonesian law firm in association with Dentons, advising on corporate, M&A, banking, capital markets and infrastructure matters. Directly comparable in both local practice and international network model to HBT's HSF Kramer association.

Broad incumbents

• Herbert Smith Freehills Kramer (HSF Kramer): Global law firm and HBT's 25-year strategic partner providing international counsel secondees and cross-border deal origination. Comparable as a transactional legal services provider but operates at global rather than Indonesian-market scale.

Regional players

• Wong & Partners (member firm of Baker McKenzie in Malaysia): Malaysian law firm within the Baker McKenzie network, providing comparable full-service corporate, M&A and capital markets advice in Southeast Asia. Comparable in structure (international association model) and regional client base but does not directly compete in the Indonesian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hbtlaw

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hiswara Bunjamin & Tandjung