What Makes & Partners does

Makes & Partners is an independent Indonesian law firm founded in 1993 and headquartered in Central Jakarta. The firm operates as a premium, partner-led boutique with 49 staff, organized around 13 core practice areas led by Capital Markets, Mergers & Acquisitions, Banking & Finance, and Restructuring & Reorganization, with additional capabilities in Start-Up/VC/Fintech, Litigation & Dispute Resolution, Investments, Privatization & Divestment, Real Estate & Property, Telecommunications/Media/Technology, Energy/Resources/Mining, Corporate Governance, and Joint Ventures.

The firm serves enterprise clients including major Indonesian conglomerates and family-owned groups, financial institutions (domestic and international banks), publicly listed companies on the Indonesia Stock Exchange, multinational corporations and international PE/investors (e.g., KKR), and state-owned enterprises and government entities. Notable mandates include advisory to PT Bank Mandiri on continuous public bond offerings and green bond programs, PT Dian Swastatika Sentosa on multiple rupiah-denominated bond and sukuk issuances, Djarum Group on its acquisition of Bakmi GM's parent, PT Humpuss Intermoda Transportasi on the first successful go-private under OJK Regulation No. 3 of 2021, MedcoEnergi on strategic energy acquisitions supporting coal phase-out, and Ciliandra Perkasa/First Resources on Q1 2025's largest Indonesian acquisition.

The firm's business model is professional services advisory on a custom engagement-based fee arrangement tied to transaction complexity and deal size, billed through multi-year mandates with partner-level involvement throughout. Distribution is direct, partner-led sales with no digital marketing campaigns; the firm instead relies on legal directory rankings (Chambers, IFLR1000, Legal500, Asialaw), thought-leadership forums such as the Makes Indonesia Economic & Strategic Update 2025, and a long-standing strategic alliance with Singapore's WongPartnership LLP for cross-border Pan-Asia mandates. Differentiators include a claimed 95%+ deal completion rate, deep regulatory authority relationships (OJK, Bank Indonesia, IDX, BKPM, DPR), and a track record of multiple precedent-setting 'firsts' in Indonesian capital markets and M&A.

Name

Makes & Partners

Legal name

Makes & Partners Law Firm

Website

https://makeslaw.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Makes & Partners is an independent, partner-led Indonesian boutique law firm founded in 1993, serving conglomerates, financial institutions, listed companies, multinationals, and state-owned enterprises on complex M&A, capital markets, banking, and restructuring mandates.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Legal Services (5411), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Legal Services (8111), Services-Management Consulting Services (8742)

akta.pro primary industry

Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

akta.pro secondary industry

Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions) (BPAAAJAK)

Keywords

• Corporate legal advisory
• Mergers and acquisitions
• Capital markets law
• Banking and finance law
• Restructuring and reorganization

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 Services - Transactional Advisory: Revenue derived from high-stakes legal advisory on complex transactional mandates including M&A, capital markets, banking & finance, restructuring, and dispute resolution. Services are billed on a fee-for-service basis for specific transaction execution, with partner-level involvement throughout mandates.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Makes & Partners is an Indonesian boutique law firm that delivers integrated legal advisory on complex, high-value corporate transactions. Its core offering spans 13 practice areas covering capital markets, mergers and acquisitions, banking and finance, restructuring and reorganization, litigation and dispute resolution, investments, privatization and divestment, real estate, telecommunications/media/technology, energy/resources/mining, corporate governance, joint ventures, and start-up/venture capital/fintech. Services are delivered on a partner-led, fee-for-service basis for specific transaction execution, with each mandate overseen directly by senior partners.

Product overview

Makes & Partners is an Indonesian law firm offering integrated legal services rather than a software product. The firm provides 13 core legal service practices spanning Capital Markets, Mergers & Acquisitions, Banking and Finance, Restructuring & Reorganization, Start-Up/Venture Capital/Fintech, Litigation & Dispute Resolution, Investments, Privatization & Divestment, Real Estate & Property, Telecommunications/Media/Technology, Energy/Resources/Mining, Corporate Governance, and Joint Ventures. These services are delivered through a LegalPlus approach combining legal expertise with commercial judgment, regulatory insight, and execution discipline. The firm operates as a boutique law firm established in 1993, not as a technology product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital Markets

Quantifiable outcome

• 95%+ average deal completion rate
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 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.

• WongPartnership LLPcoreStrategic or Co-development Partner · 1 January 2014Long-standing strategic alliance with WongPartnership LLP, one of Singapore's premier law firms, for over a decade. Reinforces Pan-Asia capabilities and enables integrated regional support across Southeast Asia's most dynamic markets. Partnership enables seamless blend of expertise and vibrant exchange of ideas to deliver exceptional legal counsel across borders, supporting clients including sovereign wealth funds, leading private equity and venture capital firms, and top-tier industry leaders.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SSEK Law Firm: Boutique-style Indonesian law firm with strong international credentials and comparable focus on M&A, capital markets, and energy/resources work for multinationals and Indonesian corporates.
• Assegaf Hamzah & Partners: One of Indonesia's largest and most established law firms with comparable M&A, capital markets, and restructuring practices serving Indonesian corporates and multinationals. Competes directly for premium transactional mandates.
• Hadiputranto Hadinoto & Partners: Indonesian member firm of Baker McKenzie International, offering integrated cross-border legal services. Competes for the same premium M&A and capital markets mandates with the added backing of a global network.
• Lubis Ganie Surowidjojo (LGS): Indonesian law firm with established M&A, capital markets, and corporate practices serving major Indonesian corporates and financial institutions; comparable boutique-premium positioning.
• Makarim & Taira S. Established Indonesian law firm with strong M&A, TMT, and corporate practices; competes for premium transactional mandates across Indonesian conglomerates and multinational investors.
• Ali Budiardjo, Nugroho, Reksodiputro (ABNR): Premier Indonesian full-service law firm with longstanding Tier-1 rankings in M&A, capital markets, and banking. Directly competes for the same marquee transactional mandates as Makes & Partners across Indonesian conglomerates and SOEs.
• Soemadipradja & Taher: Long-established Indonesian law firm with comparable practice areas including M&A, capital markets, and dispute resolution, serving many of the same major corporate and financial institution clients.

Broad incumbents

• Herbert Smith Freehills: Global law firm with an established Indonesia-related practice advising on inbound M&A, energy, and capital markets transactions; competes for the same premium cross-border mandates from a larger bench.
• Allen & Gledhill: Singapore-headquartered regional law firm with a significant Indonesia practice through its associate office. Provides comparable regional M&A and capital markets capability for cross-border mandates involving Indonesia.
• Clifford Chance: Global magic-circle law firm with significant Indonesia cross-border capability in M&A, banking & finance, and capital markets; competes for the largest international mandates touching Indonesian assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/makes-&-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Makes & Partners