IFLR is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement


Key contacts
Managing Partner: Maria Sagrado
Partner: Stephanie Kandou
Quick facts
Number of partners

10

Number of lawyers

55

Network memberships

TRACE International and World Law Group

Languages

Indonesian, English, German, French, Chinese

Established in

1980

Key practice areas
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Restructuring and insolvency
M&A
Energy and infrastructure
Project development
Firm overview

The firm: Established in 1980 by two Harvard graduates, Nono Anwar Makarim and Frank Taira Supit, Makarim & Taira S. is one of Indonesia's oldest and most reputable independent full-service law firms, trusted by leading international and domestic clients to deliver applicable real world solutions. Its advice is based on 40 years of in-depth experience successfully navigating Indonesia's complex and rapidly changing landscape. Makarim & Taira S. is an internationally recognised firm with an impressive range of household names on its client list.

Makarim & Taira S. is offering a full range of corporate, banking, litigation and specialist legal services to national and international clients. The firm's longstanding reputation among policymakers, regulators, state-owned companies and world-leading industry groups provides unique insights into the latest government policies and industry knowledge. The firm guides clients through Indonesia's complex and dynamic regulatory landscape so they can achieve their commercial goals.

Reflecting on the quality of its work, client relationships tend to be long lasting, even spanning decades, as it works in partnership to help clients shape their businesses in Indonesia. Moreover, the firm's independent status enables it to work with other reputable parties that are qualified in their fields, including law firms from various jurisdictions.

Practice areas
  • Aviation
  • Banking & Finance
  • Capital Markets
  • Competition
  • Construction
  • Corporate
  • Employment
  • Foreign Investment
  • Franchise
  • Hotels & Tourism
  • Insolvency & Restructuring
  • Intellectual Property
  • IT & Telecommunications
  • Litigation & Dispute Resolution
  • Media
  • Mergers & Acquisitions
  • Mining & Energy
  • Power & Infrastructure Projects
  • Real Estate
  • Transportation
Recent transactional highlights

Project Finance/Energy & Infrastructure:

  • Rahayu Ningsih Hoed, Lina Amran, Vincent Ariesta Lie, Frederick Simanjuntak advised PT Bhumi Jati Power  for PLTU Tanjung Jati B 5 & 6;
  • Prasarana for Cirebon expansion PLTU Jawa-1;
  • Vincent Ariesta Lie, Rahayu Ningsih Hoed advised China Shenhua Energy Company-led consortium for PLTU Sumsel-1.

Banking & Finance:

  • Vincent Ariesta Lie, Frederick Simanjuntak, advised PT Toba Bara Sejahtra, Tbk. on receipt of credit facilities from PT Bank Mandiri Tbk. and PT Bank Keb Hana Indonesia.
  • Vincent Ariesta Lie advised PT Minahasa Cahaya Lestari, Tbk. on receipt of credit facilities from PT Bank Mandiri Tbk. and PT Sarana Multi Infrastruktur;
  • Tempo Scan Pacific Tbk and Tempo Group companies;
  • Frederick Simanjuntak advised PT Espay Debit Indonesia Koe on network integration agreement with PT Akulaku Finance Indonesia;
  • Maria Sagrado advised WeLab Quest Limited on joint venture with PT Sedaya Multi Investama for lending activities;
  • Lina Amran, Frederick Simanjuntak were legal counsel to lenders led by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mizuho Bank, Ltd. for loan to PT Smelting.

M&A:

  • Vincent Ariesta Lie advised AEON Delight in acquiring PT Sinar Jernih Sarana, pioneering integrated facility services providing around 10,000 manpower to clients;
  • Vincent Ariesta Lie advised PT Toba Bara Energi in acquiring Paiton Energy  shares from PT Saratoga Investama Sedaya.
Address:
Summitmas 1, 16th-17th Floors
Jl. Jend. Sudirman, Kav. 61-62
Jakarta, 12190
Tel:+62 21 5080 8300; 252 1272 Fax:+6221 252 2750, 252 275 Email:Contact Us Web Address:http://www.makarim.com
Rankings published in 2026
Banking
Tier 2
43 firms ranked
View full list

Tier 1

ABNR Counsellors at Law
11 practice areas
View full profile
Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile

Tier 2

Makarim & Taira S
10 practice areas
View full profile
Makes & Partners
10 practice areas
View full profile
Oentoeng Suria & Partners
8 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile
UMBRA
9 practice areas
View full profile

Tier 3

Dentons HPRP
10 practice areas
View profile
Hendra Soenardi
10 practice areas
View full profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
PwC Legal Indonesia
9 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile
TnP Law Firm
10 practice areas
View full profile
William Hendrik & Siregar Djojonegoro
6 practice areas
View profile

Tier 4

AGI Legal in association with Allen & Gledhill
3 practice areas
View full profile
Armand Yapsunto Muharamsyah & Partners
10 practice areas
View profile
Bagus Enrico & Partners
6 practice areas
View full profile
Budiarto Law Partnership
8 practice areas
View profile
IMCOLaw
7 practice areas
View profile
Mochtar Karuwin Komar
10 practice areas
View profile
Tumbuan & Partners
9 practice areas
View profile
Widyawan & Partners
5 practice areas
View profile

Notable

ATD Law in association with Mori Hamada
2 practice areas
View profile
Adnan Kelana Haryanto & Hermanto
2 practice areas
View profile
Bahar
9 practice areas
View profile
Budidjaja International Lawyers
6 practice areas
View profile
GHP Law Firm
5 practice areas
View profile
Genio Atyanto & Partners
6 practice areas
View full profile
HDPP - Attorneys & Consultants
2 practice areas
View profile
IABF Law Firm
4 practice areas
View full profile
IKRA
1 practice area
View profile
Kyora Law Firm
4 practice areas
View full profile
Nurjadin Sumono Mulyadi & Partners
5 practice areas
View full profile
Nusantara DFDL
3 practice areas
View profile
Roosdiono & Partners
8 practice areas
View profile
Wiriadinata & Saleh
10 practice areas
View profile
Witara Cakra Advocates
1 practice area
View profile
Capital markets : Debt
Tier 3
20 firms ranked
View full list

Tier 1

Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile
Makes & Partners
10 practice areas
View full profile

Tier 2

ABNR Counsellors at Law
11 practice areas
View full profile

Tier 3

Armand Yapsunto Muharamsyah & Partners
10 practice areas
View profile
Dentons HPRP
10 practice areas
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Makarim & Taira S
10 practice areas
View full profile
PwC Legal Indonesia
9 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile
TnP Law Firm
10 practice areas
View full profile
UMBRA
9 practice areas
View full profile

Notable

AZP Legal Consultants
7 practice areas
View profile
Genio Atyanto & Partners
6 practice areas
View full profile
IMCOLaw
7 practice areas
View profile
Tumbuan & Partners
9 practice areas
View profile
Capital markets : Equity
Tier 3
22 firms ranked
View full list

Tier 1

Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile
Makes & Partners
10 practice areas
View full profile

Tier 2

ABNR Counsellors at Law
11 practice areas
View full profile
Soemadipradja & Taher
10 practice areas
View full profile

Tier 3

Dentons HPRP
10 practice areas
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Makarim & Taira S
10 practice areas
View full profile
PwC Legal Indonesia
9 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile
TnP Law Firm
10 practice areas
View full profile
Tumbuan & Partners
9 practice areas
View profile
UMBRA
9 practice areas
View full profile
William Hendrik & Siregar Djojonegoro
6 practice areas
View profile

Notable

ASNP Law Office
1 practice area
View profile
Budiarto Law Partnership
8 practice areas
View profile
GHP Law Firm
5 practice areas
View profile
Genio Atyanto & Partners
6 practice areas
View full profile
IMCOLaw
7 practice areas
View profile
M&A
Tier 2
53 firms ranked
View full list

Tier 1

ABNR Counsellors at Law
11 practice areas
View full profile
Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile

Tier 2

Dentons HPRP
10 practice areas
View profile
Makarim & Taira S
10 practice areas
View full profile
Makes & Partners
10 practice areas
View full profile
Oentoeng Suria & Partners
8 practice areas
View profile
PwC Legal Indonesia
9 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile

Tier 3

Armand Yapsunto Muharamsyah & Partners
10 practice areas
View profile
Bagus Enrico & Partners
6 practice areas
View full profile
Christian Teo & Partners
4 practice areas
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Leks & Co
3 practice areas
View profile
Mochtar Karuwin Komar
10 practice areas
View profile
Roosdiono & Partners
8 practice areas
View profile
TnP Law Firm
10 practice areas
View full profile
Tumbuan & Partners
9 practice areas
View profile
UMBRA
9 practice areas
View full profile

Tier 4

Bahar
9 practice areas
View profile
Budidjaja International Lawyers
6 practice areas
View profile
GHP Law Firm
5 practice areas
View profile
Hendra Soenardi
10 practice areas
View full profile
IABF Law Firm
4 practice areas
View full profile
Markus Sajogo & Associates
2 practice areas
View profile

Notable

ADCO Law
4 practice areas
View profile
AGI Legal in association with Allen & Gledhill
3 practice areas
View full profile
ANSS Counsellors at Law
4 practice areas
View profile
ARMA Law
1 practice area
View full profile
ATD Law in association with Mori Hamada
2 practice areas
View profile
Adnan Kelana Haryanto & Hermanto
2 practice areas
View profile
Azwar Hadisupani Rum & Partners
7 practice areas
View profile
Budiarto Law Partnership
8 practice areas
View profile
Dewi Djalal & Partners Law Office
2 practice areas
View profile
HDPP - Attorneys & Consultants
2 practice areas
View profile
IMCOLaw
7 practice areas
View profile
KARNA Partnership
3 practice areas
View full profile
Kyora Law Firm
4 practice areas
View full profile
Latief & Co
4 practice areas
View profile
Murzal & Partners Law Firm
1 practice area
View profile
Nurjadin Sumono Mulyadi & Partners
5 practice areas
View full profile
Nusantara DFDL
3 practice areas
View profile
Siahaan Irdamis Andarumi & Rekan
9 practice areas
View full profile
Suria Nataadmadja & Associates
1 practice area
View profile
Tamba & Kumara Law Offices
1 practice area
View profile
William Hendrik & Siregar Djojonegoro
6 practice areas
View profile
Wiriadinata & Saleh
10 practice areas
View profile
Project development
Tier 1
31 firms ranked
View full list

Tier 1

Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile
Makarim & Taira S
10 practice areas
View full profile
Widyawan & Partners
5 practice areas
View profile

Tier 2

ABNR Counsellors at Law
11 practice areas
View full profile
Oentoeng Suria & Partners
8 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile

Tier 3

Azwar Hadisupani Rum & Partners
7 practice areas
View profile
Dentons HPRP
10 practice areas
View profile
Mochtar Karuwin Komar
10 practice areas
View profile
PwC Legal Indonesia
9 practice areas
View profile
UMBRA
9 practice areas
View full profile

Tier 4

Bagus Enrico & Partners
6 practice areas
View full profile
Hendra Soenardi
10 practice areas
View full profile
Latief & Co
4 practice areas
View profile
Suhardi Somomoeljono & Associates
3 practice areas
View profile
TnP Law Firm
10 practice areas
View full profile
William Hendrik & Siregar Djojonegoro
6 practice areas
View profile

Notable

Budidjaja International Lawyers
6 practice areas
View profile
GHP Law Firm
5 practice areas
View profile
Hartamulya Andryanus & Siahaan Attorneys at Law
2 practice areas
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Makes & Partners
10 practice areas
View full profile
Roosdiono & Partners
8 practice areas
View profile
Wiriadinata & Saleh
10 practice areas
View profile
Project finance
Tier 2
23 firms ranked
View full list

Tier 1

ABNR Counsellors at Law
11 practice areas
View full profile
Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile

Tier 2

Hiswara Bunjamin & Tandjung
10 practice areas
View profile
Makarim & Taira S
10 practice areas
View full profile
Oentoeng Suria & Partners
8 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile

Tier 3

Dentons HPRP
10 practice areas
View profile
Hendra Soenardi
10 practice areas
View full profile
Makes & Partners
10 practice areas
View full profile
Mochtar Karuwin Komar
10 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile
UMBRA
9 practice areas
View full profile
William Hendrik & Siregar Djojonegoro
6 practice areas
View profile

Notable

Budiarto Law Partnership
8 practice areas
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Roosdiono & Partners
8 practice areas
View profile
Siahaan Irdamis Andarumi & Rekan
9 practice areas
View full profile
TnP Law Firm
10 practice areas
View full profile
Wiriadinata & Saleh
10 practice areas
View profile
Restructuring and insolvency
Tier 2
37 firms ranked
View full list

Tier 1

Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
View profile
Hiswara Bunjamin & Tandjung
10 practice areas
View profile
SSEK Law Firm
10 practice areas
View profile

Tier 2

ABNR Counsellors at Law
11 practice areas
View full profile
Makarim & Taira S
10 practice areas
View full profile
Makes & Partners
10 practice areas
View full profile

Tier 3

Armand Yapsunto Muharamsyah & Partners
10 practice areas
View profile
Budidjaja International Lawyers
6 practice areas
View profile
Dentons HPRP
10 practice areas
View profile
Hotman Paris & Partners
1 practice area
View profile
Hutabarat Halim & Rekan Lawyers
11 practice areas
View full profile
Mochtar Karuwin Komar
10 practice areas
View profile
Oentoeng Suria & Partners
8 practice areas
View profile
Soemadipradja & Taher
10 practice areas
View full profile
UMBRA
9 practice areas
View full profile

Tier 4

ANSS Counsellors at Law
4 practice areas
View profile
FKNK Law Firm
7 practice areas
View profile
Kyora Law Firm
4 practice areas
View full profile
SIP Law Firm
4 practice areas
View profile
Siahaan Irdamis Andarumi & Rekan
9 practice areas
View full profile
Siregar Setiawan Manalu Partnership
3 practice areas
View profile
TnP Law Firm
10 practice areas
View full profile

Notable

Altruist Lawyers
2 practice areas
View profile
Azwar Hadisupani Rum & Partners
7 practice areas
View profile
Bagus Enrico & Partners
6 practice areas
View full profile
Dewi Djalal & Partners Law Office
2 practice areas
View profile
Hendra Soenardi
10 practice areas
View full profile
KARNA Partnership
3 practice areas
View full profile
MHMS Advocates
1 practice area
View profile
Munde Herlambang & Partners
2 practice areas
View full profile
Nusantara DFDL
3 practice areas
View profile
Roosdiono & Partners
8 practice areas
View profile
Suhardi Somomoeljono & Associates
3 practice areas
View profile
Linked Reviews
Financial and corporate

Founded in 1980, Jakarta-headquarteredMakarim & Taira Sis one of the most well-recognisednames in Indonesia’s legal market. In 2020, it formed Drew Network Asia with Drew & Napier in Singapore and Shearn Delamore & Co in Malaysia to foster collaboration to serve the ASEAN region. The firm is also a member ofthe WorldLaw Group and World Services Group.  

Highlights  

Recent examples of the firm’s deal work include advisingFreeport Indonesia (PTFI) on its acquisition of a controlling stake in Smelting through a sophisticated debt-to-equity swap. The transaction was highly complex due to its multi-layered structure. The debt conversion triggered a mandatory change-of-control process, requiring meticulous adherence to Indonesian acquisition rules.  

Other highlights include advising Grab Holdings on its acquisition of the Chope group of companies, a leading Singapore-based restaurant reservation platform. This acquisition is a strategic expansion for Grab. The primary legal challenge involved the seamless integration of Chope's existing business, particularly in Indonesia.  

Key clients  

Freeport Indonesia, Azelis Group, and Grab Holdings. 

9 results9 results
Deal Highlights
20 results20 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
PT Freeport Indonesia - Financing
2020-06-02
Makarim & Taira S
Indonesia
Financing
Maria Sagrado
PT Freeport Indonesia
Borrower
PT Mega Manunggal Property Tbk - Financing
2020-08-10
Makarim & Taira S
Indonesia
Financing
Vincent Ariesta Lie
PT Mega Manunggal Property Tbk
Borrower
PT Shenhua Guohua Lion Power Indonesia - Project development
2020-05-30
Makarim & Taira S
Indonesia
Project development
Vincent Ariesta Lie, Rahayu Ningsih Hoed
PT Shenhua Guohua Lion Power Indonesia
Project developer
PT Bhumi Jati Power - Project development
2021-02-25
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed, Vincent Ariesta Lie, Frederick Simanjuntak
PT Bhumi Jati Power
Sponsor
Home Box Office; Affiliates Asia; Turner Broadcasting System - Restructuring
2021-01-11
Makarim & Taira S
Indonesia
Restructuring
Lia Alizia
Home Box Office, Affiliates Asia, Turner Broadcasting System
Creditor
AerCap - M&A
2022-01-21
Makarim & Taira S
Indonesia
M&A
Lia Alizia
AerCap
Acquirer
Apis General Partner II LLP - M&A
2021-01-07
Makarim & Taira S
Indonesia
M&A
Hilton King, Maria Sagrado
Apis General Partner II LLP
Investor
Arthur J Gallagher & Co - M&A
2022-02-24
Makarim & Taira S
Indonesia
M&A
Hilton King, Frederick Simanjuntak
Arthur J Gallagher & Co
Acquirer
Eastbridge Partners Co Ltd - M&A
2021-01-09
Makarim & Taira S
Indonesia
M&A
Maria Sagrado, Vincent Ariesta Lie
Eastbridge Partners Co Ltd
Acquirer
Ferro Corporation - M&A
2021-02-25
Makarim & Taira S
Indonesia
M&A
Hilton King
Ferro Corporation
Acquirer
International Flavors and Fragrances - Restructuring
2022-02-24
Makarim & Taira S
Indonesia
Restructuring
Lia Alizia
International Flavors and Fragrances
Shareholder
Platinum Equity - M&A
2021-01-10
Makarim & Taira S
Indonesia
M&A
Hilton King
Platinum Equity
Acquirer
PT Cirebon Energi Prasarana - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed, Vincent Ariesta Lie
PT Cirebon Energi Prasarana
Project developer
PT Freeport Indonesia - Financing
2021-07-21
Makarim & Taira S
Indonesia
Financing
Hilton King, Maria Sagrado
PT Freeport Indonesia
Borrower
PT Freeport Indonesia - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Hilton King, Rahayu Ningsih Hoed
PT Freeport Indonesia
Project developer
PT JCB International Indonesia - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Maria Sagrado
PT JCB International Indonesia
Project developer
PT Kreasi Teknologi Makmur - M&A
2021-01-06
Makarim & Taira S
Indonesia
M&A
Lia Alizia
PT Kreasi Teknologi Makmur
Acquirer
PT Peruri Properti - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed
PT Peruri Properti
Project developer
The embassy of a foreign country in Jakarta - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Heru Mardijarto
The embassy of a foreign country in Jakarta
Project company
UOB Kay Hian Credit Pte Ltd; PT Bank UOB Indonesia - Financing
2021-10-06
Makarim & Taira S
Indonesia
Financing
Frederick Simanjuntak, Maria Sagrado
UOB Kay Hian Credit Pte Ltd, PT Bank UOB Indonesia
Lender
Sponsored

Sponsored