The legal services industry is a critical component of any country's economic growth and development. In Indonesia, the legal services industry has seen significant growth and success in recent years, providing employment opportunities and contributing to the country's gross domestic product (GDP). In 2022, the industry continued to grow despite the challenges posed by the COVID-19 pandemic. The industry's success can be attributed to several factors, including government initiatives, the growth of each industry, and technological disruptions. In this article, we will explore the key statistics, factors contributing to its growth, key trends, challenges, and future outlook of the legal services industry in Indonesia.
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K&L GATES
4,745
+65 6507 8100
At K&L Gates, we foster an inclusive and collaborative environment across our fully integrated global platform that enables us to diligently combine the knowledge and expertise of our lawyers and policy professionals to create teams that provide exceptional client solutions. We marry process with vision, success with dedication, method with passion, and innovation with creativity. The outcome: The K&L Gates Experience. Located across five continents, we represent a broad array of leading global corporations in every major industry, capital markets participants, and ambitious middle-market and emerging growth companies. We also serve public sector entities, educational institutions, philanthropic organizations, and individuals. Our lawyers counsel clients on their most sophisticated legal challenges in all areas of corporate and regulatory law as well as litigation.We are leaders in legal issues relating to industries critical to the economies of both the developed and developing worlds—technology, manufacturing, energy, transportation, telecommunications, financial services, and life sciences, among others.#KLGates
AZMI & ASSOCIATES
191
+60 3-2118 5018
Azmi & Associates is a full-service corporate law firm whose main office is based in the heart of Kuala Lumpur’s Golden Triangle. We act as a cost-effective one-stop centre to provide legal support for your corporate objectives, from conception to completion.Our resources extend globally due to the strength of our international alliances. Azmi & Associates participates actively in the TerraLex network of law firms (based in Florida, USA and comprising 23,000 lawyers across more than 150 jurisdictions), with whom we work closely. We are a member in First Law International (based in Europe). This means that we can mobilise resources quickly to serve your business interests within and outside of Malaysia.The innovative work and responsive service of our commercially savvy lawyers in domestic and cross-border transactions have garnered accolades and gained global recognition on international law directory listings and publications, such as The Legal 500, Asian Legal Business, Chambers Global and IFLR 1000.
DREW & NAPIER LLC
496
+65 6535 4906
Drew & Napier Altogether World-ClassDrew & Napier has provided exceptional legal advice and representation to discerning clients since 1889. We are one of the largest law firms in Singapore.The calibre of our work is acknowledged internationally at the highest levels of government and industry, and marks us as Singapore’s world class law firm.We are trusted by our clients to solve their most challenging problems, advance their interests, and show them the way forward. Our lawyers and senior counsel are the preferred choice when the stakes are high and the issues complex.Our clients consistently vote our lawyers to the highest ranks of their practice areas.We stay at the forefront of the industry by cultivating talent and maintaining the family atmosphere that is distinctly Drew.Drew Network Asia The Cross-Border FirmIn 2020, Drew & Napier united with some of the most influential leading law firms in Southeast Asia to form a network of blue-chip law firms - Drew Network Asia (DNA).Comprising of legal powerhouses Shearn Delamore & Co. from Malaysia, Makarim & Taira S. from Indonesia, and Martinez Vergara & Gonzalez Sociedad (MVGS) from the Philippines, alongside Drew & Napier, DNA is a cohesive and integrated team operating as “a firm of firms” with international perspective and strong local expertise. Each DNA firm upholds a stellar reputation of providing clients with world-class service standards and seamless legal advice. We take immense pride in dispensing top-notch legal advice and cutting-edge solutions for our clients. Our approach has earned plaudits from clients and trade publications alike. Each pillar firm consistently garners prominent accolades and top rankings in the world’s most prestigious legal publications.
GADENS
830
+61 8 8456 2433
Gadens is a top 10 independent Australian law firm, known for providing outstanding client service, innovative solutions and value. The team at Gadens support our clients achieve their organisational objectives by working closely with them on their highly complex and day-to-day transactional legal needs. Our core practice specialisations cover: Banking and Finance CorporateDisputes and InvestigationsEmployment Advisory Intellectual Property and Technology Real Estate and ConstructionWe work with clients with Australian and international needs from our offices in:Adelaide Brisbane Melbourne Sydney
HISWARA BUNJAMIN & TANDJUNG
151
+62 21 39738000
Hiswara Bunjamin & Tandjung (HBT) is one of the leading commercial and corporate law firms in Indonesia, consistently ranked top-tier in all major law firm directories in its core practice areas of corporate/M&A, energy and infrastructure projects, banking & finance, capital markets, and dispute resolution. We provide high quality, innovative legal services of an international standard based on informed and commercially relevant local knowledge.We have been recognised by FinanceAsia as Best Law Firm in Indonesia for the past four years (2019-2022), and by Asian Legal Business as Employer of Choice 2022.
KENNEDYS
2,323
+65 6436 4300
Kennedys is a global law firm with expertise in litigation/dispute resolution and advisory services, particularly in the insurance/reinsurance and liability sectors. With over 2,150 people worldwide across 41 offices in the UK and Europe, Middle East, Asia Pacific and the Americas, we have some of the most respected legal minds in their fields.We act for insurers, reinsurers, Lloyd’s Syndicates, public bodies and corporates. Our deep sector knowledge means that we understand the impact of proposed regulations and advise our clients on the implications this will have on their business. Every day we make a difference for our clients.For regular updates and news from our LATAM and Caribbean jurisdictions, follow our Kennedys Latin America and Caribbean account: https://www.linkedin.com/company/kennedys-latin-america-&-caribbean
SPRUSON & FERGUSON
321
+65 6333 7200
Spruson & Ferguson is a leading provider of intellectual property (IP) services across the Asia-Pacific region, with more than 400 staff working from our offices in Bangkok, Beijing, Brisbane, Hong Kong, Jakarta, Kuala Lumpur, Melbourne, Singapore and Sydney.We have been providing expert representation in all aspects of IP since 1887. Our long history has allowed us to build robust infrastructure, supported by sophisticated systems and highly skilled and experienced teams.Spruson & Ferguson provides a comprehensive range of services for the protection, commercialisation, enforcement and management of all forms of intellectual property including patents, trademarks and designs.Our team of IP professionals combine outstanding academic credentials with a wealth of technical and industry experience to ensure that our clients receive thorough, technically accurate and commercially relevant advice.Our clients range from entrepreneurial and emerging growth businesses to Fortune 500 companies and public sector research organisations, across all industries.As a firm, we are committed to providing solutions tailored to the individual needs of each client and delivering value and excellence in every aspect of our service.Spruson & Ferguson companies are members of the IPH Ltd group.For more information about members of the IPH group please visit https://www.iphltd.com.au/about-iph/”
TAXPRIME
208
+62 21 30015690
TaxPrime is a Tax Consulting Firm, based in Jakarta, the Capital City of Indonesia. We developed our products based on experiences in delivering services to our clients. Those have made us to do improvement in feature, term, and condition of our products in order to ensure that our services satisfy with requirements of our clients. However we also realize that the client’s needs are not always parallel with the feature of the products, therefore we always open to discuss with our clients in respect of their unique requirements.
ASSOCIATION OF CORPORATE COUNSEL
291
+65 6339 5411
The Association of Corporate Counsel (ACC) is the world’s largest community of in-house counsel, serving the professional and business interests of lawyers who practice in the legal departments of corporations, associations, and other organizations around the globe.Interested in working at ACC? Visit http://bit.ly/CareersAtACC for a list of our current openings.LinkedIn Group: www.linkedin.com/groups/1458Twitter: @ACCinhouse @ACCDocketFacebook: www.facebook.com/AssnCorpCnslYouTube: www.youtube.com/ACCinhouse
THE COLLEGE OF LAW AUSTRALIA
476
+61 2 9965 7000
The College of Law has been at the forefront of practical legal education since 1974, and over 100,000 of our graduates now work across all facets of our industry.Across Australia, New Zealand and Asia, we have 400+ educators and support staff, with the majority comprising practising lawyers and legal professional from all levels. This ensures our programs are always relevant to real-world practice.We have a full suite of offerings to further your career at every stage, from completing your studies through to running your own law firm. These are:• Admission to Practice: Activate your career with a range of flexible Practical Legal Training programs• Professional Development: Enhance your career with more relevant practical based Continuing Professional Development programs• Postgraduate Specialisation: Master your career by specialising in your chosen area, or change your area of specialisation with a postgraduate Applied Law program• Legal Business Management: Broaden your career opportunities and learn the business of running a law firm with our Legal Practice Management Course.We also continue to sharpen our competitive edge with our Centre for Legal Innovation, built to cope with change and make the most of an evolving industry. This edge in practical law is enhanced by the experience of our Advisory and state Chapter Boards, Board of Governors, Fellows and extensive alumni.Innovative and forward-looking, The College of Law has proven to be one of the most trusted names in legal training. We are one of the few non-universities to achieve status as a Self-Accrediting Authority from the Tertiary Education Quality and Standards Agency in Australia.
UMBRA - STRATEGIC LEGAL SOLUTIONS
85
+62 21 50820999
UMBRA - Strategic Legal Solutions (UMBRA) is one of the largest and leading law firms in Indonesia, being the fastest firm to ever reach that status, a feat never seen before in the long history of Indonesian legal industry. Led by lawyers that have spent nearly two decades in serving major businesses and institutions that power the global and national economy, we have a genuine understanding of what our esteemed clients expect from their lawyers. They demand nothing but the exceptional ones. We get that. After all, the best people always want to be surrounded by those that are equally impressive. As such, meeting the above expectation is a challenge that we gladly take with our whole heart and passion. In fact, it is our main consideration when we adopted UMBRA as our name. Derived from the classical Latin, UMBRA is a highly versatile word associated with multiple meanings, among others, shadow, safety, and care; reflecting the core philosophy of our firm, namely, to work relentlessly behind the scene in securing our clients’ best interest with due and proper care.Indeed, we are not conventional lawyers. We help our clients in navigating regulatory complexities, identifying and managing their risks and liabilities, evaluating the relevant considerations for taking well-informed decisions, and most importantly, getting their deals done by reimagining what is possible, weaving art and logic together to produce the best results. Our advice always takes into consideration the strategic nature of our clients’ business and their immense needs to see practical solutions, turning legal problems into new opportunities. Hence, the reason why we put Strategic Legal Solutions behind our name.We believe that UMBRA’s lawyers are passionate and highly dedicated in serving the needs of our clients. Our goal is more than simply becoming your ordinary legal advisor, we aim to exceed your highest expectations, we strive to get things done, we want to be your trusted advisor!
LOD
609
+65 6326 0200
We help legal leaders build teams their businesses love – strategic, responsive and ready for anything.With our world-class people, services and tech, we help them supercharge their output without the burnout.We help them deal with today’s challenges, plan for tomorrow and make their ideas for the future happen.At the same time, we help legal professionals, who don’t want to deal with office politics and scraping by on your annual leave, practise law more flexibly and happily.
DELOITTE LEGAL
2,106
+61 3 9671 7370
With more than 2,500 legal professionals operating in over 80 countries, Deloitte Legal collaborates seamlessly across borders and with other Deloitte businesses. Deloitte’s cross-discipline approach enable us to provide perspective that is global, yet grounded; solutions that are pioneering, yet pragmatic; and cross-border coordination with a single point of contact. Experience the future of law, today.
BAKER MCKENZIE
11,767
+65 8134 6140
Integrated legal solutions to complex business challenges.The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law. A connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice underpinned by deep practice, sector expertise, and first-rate local market knowledge. Armed with Baker McKenzies insight and foresight, business leaders can feel confident driving sustainable – and inclusive growth.Learn more: https://www.bakermckenzie.com/en/expertise/solutions-connected-worldContent may include attorney advertising.
ALLEN & OVERY
7,720
+65 6671 6000
Allen & Overy is a global law firm that helps the world’s leading businesses to grow, innovate and thrive. For almost a century, we have built a reputation for our commitment to think ahead and bring original solutions to our clients’ most complex legal and commercial challenges. At a time of significant turbulence in the business world, we are determined to help our clients embrace change, confidently expand into new markets and keep on top of ever-more complicated regulatory frameworks.To do this, we will harness our global strength and local knowledge. We will drive towards our vision to become the worlds most innovative law firm. And we will continue to create an environment where the brightest minds can flourish.Content on this page is general information only and not advice allenovery.com/terms
CLIFFORD CHANCE
7,789
+65 6410 2271
We are one of the worlds largest law firms with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, we pride ourselves on our approachable, collegiate and team based way of working.We always strive to exceed the expectations of our clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not for profit organisations. We provide them with the highest quality advice and legal insight, which combines the Firms global standards with in-depth local expertise.Many of the worlds leading organisations look to Clifford Chance not just for legal expertise but for advice on business critical issues.
HOGAN LOVELLS
7,056
+65 6538 0900
Straight talking. Thinking around corners. Understanding and solving the problem before it becomes a problem. Performing as a team, no matter where we’re sitting. Delivering clear and practical advice that gets your job done. Our 2,600+ lawyers work together with you to solve the toughest legal issues in major industries and commercial centers around the world. Whether you’re expanding into new markets, considering capital from new sources, or dealing with increasingly complex regulation or disputes, we help you stay on top of your risks and opportunities.A fast-changing and inter-connected world requires fresh thinking combined with proven experience. Thats what we provide. Progress starts with ideas. And while imagination helps at every level, our legal solutions are aligned with your business strategy. Our experience in cross-border and emerging economies gives us the market perspective to be your global partner. We believe that when knowledge travels, opportunities arise.Our team has a wide range of backgrounds. Diversity of backgrounds and experience delivers a broader perspective. Perspectives which ultimately make for more rounded thinking and better answers for you. Giving back to communities and society is fundamental to good business. And, it’s part of our core. We are advocates of justice, equality, and opportunity.Columbia Square555 Thirteenth Street, NWWashington, DC 20004United StatesAtlantic House Holborn Viaduct London, EC1A 2FG United Kingdom
SINGAPORE INTERNATIONAL ARBITRATION CENTRE
399
+65 6713 9777
Since commencing operations in 1991 as an independent, not-for-profit organisation, SIAC has established a track record for providing best in class arbitration services to the global business community. SIAC arbitration awards have been enforced in many jurisdictions including Australia, China, Hong Kong SAR, India, Indonesia, Jordan, Thailand, UK, USA and Vietnam, amongst other New York Convention signatories. SIAC is a global arbitral institution providing cost-competitive and efficient case management services to parties from all over the world. SIAC’s Board of Directors and its Court of Arbitration consists of eminent lawyers and professionals from all over the world. The Board is responsible for overseeing SIACs operations, business strategy and development, as well as corporate governance matters. The Court’s main functions include the appointment of arbitrators, as well as overall supervision of case administration at SIAC. SIAC has an experienced international panel of over 400 expert arbitrators from over 40 jurisdictions. Appointments are made on the basis of our specialist knowledge of an arbitrators expertise, experience, and track record. SIAC’s panel has over 100 experienced arbitrators in the areas of Energy, Engineering, Procurement and Construction from more than 25 jurisdictions.The SIAC Rules provide a state-of-the-art procedural framework for efficient, expert and enforceable resolution of international disputes of all sizes and complexities involving parties from diverse legal systems and cultures. SIAC’s full-time staff manage all the financial aspects of the arbitration, including:• Regular rendering of accounts• Collecting deposits towards the costs of arbitration• Processing the Tribunals fees and expenses SIAC supervises and monitors the progress of the case. SIAC’s scrutiny process enhances the enforceability of awards. SIAC’s administration fees are highly competitive.
MAKARIM & TAIRA S.
110
+62 21 2522750
Established in 1980 by two Harvard graduates, Nono Anwar Makarim and Frank Taira Supit, Makarim & Taira S. (M&T) is a leading business law firm in Indonesia offering a full range of corporate, banking, litigation and specialist legal services to national and international clients.Over the years the Firm has formed strong and lasting relationships with a large number of clients and businesses. We pride ourselves on the loyalty of our clients and attempt to provide to each client the same unvarying standard of service. The Firm also has unique and unsurpassed experience and insight into many aspects of Indonesias business and governmental spheres and has the necessary expertise to assist our clients in their Indonesian investments and transactions.M&T is also favored as Indonesian counsel by a growing number of leading international law firms and has significant expertise in acting as local counsel in international and multinational transactions. Our existing connections both in Indonesia and overseas allow us to ensure the Firm maintains and develops its expertise and is able to assimilate the most up to date drafting and other legal techniques and knowledge.
JUSLAWS AND CONSULT INTERNATIONAL LAW FIRM
53
+66 2 254 4117
Juslaws & Consult was founded in 2004 in Bangkok, recognizing the need to build up a law firm that not just would provide legal services but would become a reliable key partner for clients with the full support of a team of Thai and overseas professionals that have a deep understanding of the clients matters within a globalized world. As an international law firm providing premium and proactive legal support, we also provide a strong local, regional and international network which represents a big asset for our clients in Thailand.Juslaws & Consult is one of the most well-known law firms in South East Asia and we assist our clients through our offices in Bangkok and Phuket with access to the Thailand market and ASEAN region. Our lawyers, accountants, auditors and professionals have high expertise in their field providing innovative solutions whether our clients hold civil, criminal or business issues. Jus Laws & Consult keep strong connections with investors, officials, companies and other law firms from Moscow, Madrid, Hong Kong, London, Kuala Lumpur, Santiago de Chile, Dubai or Tokyo. Our international team of Thai, European and Russian professionals understand cross border transactions and react accordingly.
Top Legal Services Companies in Indonesia
Key Statistics from 2022
According to the Indonesian Advocates Association (PERADI), the legal services industry's contribution to Indonesia's GDP was around 0.7% in 2022. This indicates a slight increase from the previous year's contribution, which was 0.6%. The industry also provided employment opportunities for around 100,000 workers in 2022, which is a significant increase from 90,000 workers in 2021.
Factors Contributing to Growth and Success
The Indonesian government has played a crucial role in promoting the legal services industry's growth in the country. The government has implemented several initiatives to attract foreign investment and promote local legal talent development. For instance, the government has provided tax incentives and other benefits to law firms that set up facilities in the country.
Another factor contributing to the industry's growth is the increasing demand for legal services in Indonesia. The country's economic development and foreign investment have led to an increasing need for legal services, including corporate, commercial, and dispute resolution services. This demand has increased the need for legal services and provided a boost to the industry.
Each Industry's Growth and Comparison to Previous Years
The legal services industry in Indonesia comprises various industries, such as corporate law, commercial law, and dispute resolution. The corporate law industry has shown the most significant growth, with a growth rate of around 7% in 2022. The commercial law industry has also shown growth, with a growth rate of around 5%. The dispute resolution industry has shown a decrease in growth rate by around 3%, indicating a slower growth rate than the other two industries.
When compared to the previous years, the legal services industry has shown consistent growth in all sectors. For example, the corporate law industry's growth rate was 6% in 2021, and it increased to 7% in 2022. The commercial law industry's growth rate was 4% in 2021, and it increased to 5% in 2022. The dispute resolution industry's growth rate was -1% in 2021, and it decreased to -3% in 2022.
Key Trends and Technological Disruptions
The legal services industry in Indonesia is witnessing several key trends and technological disruptions. One of the most significant trends is the increasing use of technology to streamline legal services and enhance efficiency. This trend has been driven by the increasing use of technology in various industries and the need for legal services to keep pace with technological advancements.
Another trend is the increasing focus on legal innovation and the adoption of alternative legal services models. Law firms are exploring new ways to provide legal services, including through the use of artificial intelligence, automation, and outsourcing. This trend has been driven by the need to provide cost-effective legal services and stay competitive in the industry.
Challenges
The legal services industry in Indonesia faces several challenges, primarily due to the COVID-19 pandemic's impact on the industry. The pandemic has led to a decrease in legal activity, which has significantly impacted the industry's revenue and employment opportunities.
Another challenge is the shortage of skilled legal professionals in the country. The legal services industry in Indonesia requires a significant number of skilled professionals to meet the growing demand for legal services. However, the shortage of skilled professionals can hinder the industry's growth potential.
To overcome these challenges, the Indonesian government has implemented several initiatives to promote legal talent development and attract foreign investment in the industry. The government has also initiated partnerships with foreign law firms to transfer technology and knowledge to the local industry.
Future Outlook
The future outlook for the legal services industry in Indonesia is positive, with the industry expected to recover gradually from the pandemic's impact. The industry's recovery is expected to be driven by the increasing demand for legal services, the government's initiatives, and the industry's adoption of advanced technologies. According to a report by PERADI, the legal services industry is expected to grow at a CAGR of 5.5% from 2023 to 2027, reaching a market size of around USD 5.5 billion by 2027.
Conclusion
The legal services industry in Indonesia is a critical contributor to the country's economic growth, providing employment opportunities and attracting foreign investment. The industry's success can be attributed to several factors, including government initiatives, the growth of each industry, and the adoption of advanced technologies. The industry faces challenges due to the COVID-19 pandemic's impact and the shortage of skilled professionals. However, the government's initiatives and partnerships with foreign law firms provide a positive outlook for the industry's future growth and success.