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Key contacts
Managing Partner: Yozua Makes
Partner: Fransisca
Partner: Bernardus Billy
Quick facts
Number of lawyers

30

Number of partners

5

Languages

Indonesian and English

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

Makes & Partners is an award winning, independent, innovative, and creative Indonesian law firm and a leader in the Indonesian integrated corporate finance and corporate commercial legal services market.
Established in 1993 by Yozua Makes, we provide high quality, aggressive, and dynamic services to our Indonesian and international clients. Since our inception, we have adopted and inculcated the philosophy: "solving a legal problem means more than just knowing the law", to achieve a result-oriented commercial approach and high completion rate for our transactions.

We are recognized by the market as a law firm with extensive knowledge and experience in strategy formulation and contract negotiation. We are proud of our more than 95% completion success rate for transactions handled, which is considered highest among Indonesian law firms. This is largely due to the strategic legal structures, negotiation tactics, and innovative and detailed approach we adopt in complex deals along with the support of our clients, other professional advisers and our network of experts and authorities. In many transactions, our role has been extended to transaction counsel to the parties as a consequence of our recognized track record and our ability as competent mediators.

In 2014, we welcomed the era of greater ASEAN and Pan-Asian economic cooperation and integration with a strategic alliance with leading Singapore firm WongPartnership LLP for seamless services throughout the region. In addition, we have also recently established a strategic alliance with Lubis Santosa & Mitra (“LSM”), a move that leverages our expertise in our respective fields of capital markets-merger & acquisition-corporate finance (for Makes) and litigation & arbitration (for LSM) and allows us to provide optimal services to our clients.

Our partners also provide value added prestige to the Firm. In 2022, our managing partner, Yozua Makes, was appointed as a member of the newly established Indonesian sovereign wealth fund, the Indonesian Investment Authority by President Joko Widodo. He has also been appointed as a member of the supervisory board of the Indonesian Chamber of Commerce and Industry (KADIN). Our pre-eminent capital markets senior partner, Iwan Setiawan, is appointed as the Chairman of the Indonesia Association of Capital Markets Legal Consultants (HKHPM) for 2021-2024. Our youngest partner, Bernardus Billy has been appointed as a member of the ethical board of the Financial Services Authority (OJK) accredited Indonesian Fintech Association (AFTECH) for 2021-2025, building a solid reputation as the head of the Firm’s Fintech, Startup, and Venture Capital practice group.

The market recognizes us for our role in advising and bringing to a successful completion high profile and complex corporate commercial transactions.

Our legal advice is provided within the context of our client's business, ensuring that the client receives well-formulated, strategic and transaction-specific advice. This has often resulted in the development of legal products and structures appropriate to the needs of our clients which are not only accepted but also well-regarded in the market and by the appropriate regulatory agencies.

 

 

 

Key transactional practices
  • Banking
  • Capital markets: Debt
  • Capital markets: Equity
  • Capital markets: High yield
  • Competition
  • Financial restructuring
  • Financial services regulatory
  • M&A
  • Project development
  • Private equity
  • Project finance
  • Restructuring and insolvency
  • Real estate funds
Address:
Menara Batavia, 7th Floor
Jalan KH. Mas Mansyur Kav. 126, Karet Tengsin, Central Jakarta
Jakarta 10220
Tel:+62 21 574 7181 Fax:+62 21 574 7180 Email:Contact Us Web Address:https://www.makeslaw.com
Rankings published in 2026
Banking
Tier 2
43 firms ranked
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Tier 1

ABNR Counsellors at Law
11 practice areas
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Assegaf Hamzah & Partners
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HHP Law Firm
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Hiswara Bunjamin & Tandjung
10 practice areas
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Tier 2

Makarim & Taira S
10 practice areas
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Makes & Partners
10 practice areas
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Oentoeng Suria & Partners
8 practice areas
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SSEK Law Firm
10 practice areas
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UMBRA
9 practice areas
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Tier 3

Dentons HPRP
10 practice areas
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Hendra Soenardi
10 practice areas
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Hutabarat Halim & Rekan Lawyers
11 practice areas
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PwC Legal Indonesia
9 practice areas
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Soemadipradja & Taher
10 practice areas
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TnP Law Firm
10 practice areas
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William Hendrik & Siregar Djojonegoro
6 practice areas
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Tier 4

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

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

Assegaf Hamzah & Partners
11 practice areas
View full profile
HHP Law Firm
11 practice areas
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Hiswara Bunjamin & Tandjung
10 practice areas
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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
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Dentons HPRP
10 practice areas
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Hutabarat Halim & Rekan Lawyers
11 practice areas
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Makarim & Taira S
10 practice areas
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PwC Legal Indonesia
9 practice areas
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SSEK Law Firm
10 practice areas
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Soemadipradja & Taher
10 practice areas
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TnP Law Firm
10 practice areas
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UMBRA
9 practice areas
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Notable

AZP Legal Consultants
7 practice areas
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Genio Atyanto & Partners
6 practice areas
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IMCOLaw
7 practice areas
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Tumbuan & Partners
9 practice areas
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Capital markets : Equity
Tier 1
22 firms ranked
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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
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Hutabarat Halim & Rekan Lawyers
11 practice areas
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Makarim & Taira S
10 practice areas
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PwC Legal Indonesia
9 practice areas
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SSEK Law Firm
10 practice areas
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TnP Law Firm
10 practice areas
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Tumbuan & Partners
9 practice areas
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UMBRA
9 practice areas
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William Hendrik & Siregar Djojonegoro
6 practice areas
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Notable

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

ABNR Counsellors at Law
11 practice areas
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Assegaf Hamzah & Partners
11 practice areas
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HHP Law Firm
11 practice areas
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Hiswara Bunjamin & Tandjung
10 practice areas
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SSEK Law Firm
10 practice areas
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Tier 2

Dentons HPRP
10 practice areas
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Makarim & Taira S
10 practice areas
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Makes & Partners
10 practice areas
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Oentoeng Suria & Partners
8 practice areas
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PwC Legal Indonesia
9 practice areas
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Soemadipradja & Taher
10 practice areas
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Tier 3

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

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

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

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

Budidjaja International Lawyers
6 practice areas
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GHP Law Firm
5 practice areas
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Hartamulya Andryanus & Siahaan Attorneys at Law
2 practice areas
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Hutabarat Halim & Rekan Lawyers
11 practice areas
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Makes & Partners
10 practice areas
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Roosdiono & Partners
8 practice areas
View profile
Wiriadinata & Saleh
10 practice areas
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Project finance
Tier 3
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
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Siregar Setiawan Manalu Partnership
3 practice areas
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TnP Law Firm
10 practice areas
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Notable

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

Active since 1993,Makes & Partnersexcels in capital markets and has formidable banking and finance, corporate, and M&A and restructuring practices. Founder and name partnerYozuaMakesleads the firm as managing partner. In 2014, it strengthened its regional presence byentering intoa strategic alliance withWongPartnershipin Singapore.  

Highlights  

The firm successfully executed Indonesia's first go-private transaction under OJK Regulation 3/2021. The firm pioneered a novel solution by combining the OJK process with the Afwezigheid (absentee) procedure from the Indonesian Civil Code. After obtaining a court decree to transfer unreachable shares to the Heritage Office, Makes coordinated with regulators and securities companies to implement the ruling. This groundbreaking approach resolved a long-standing market challenge, establishing an efficient precedent for future go-private transactions in Indonesia.  

Other highlights include advising a client on the strategic acquisition of Mahkota Prima Properti, the owner of Jakarta's prominent Capital Place Tower. This high-stakes transaction required navigating multiple legal challenges. A key complexity involved the building's integration with the Four Seasons hotel under an Indonesian condominium association (P3SRS), requiring sophisticated navigation of shared facility governance.  

Key clients  

OMS Group, Summarecon Agung, Agung Podomoro Land, Lippo Mall Indonesia Retail Trust, TIS Petroleum (Asia), Profesional Telekomunikasi Indonesia, Indonesian Paradise Property, Lippo Karawaci, Bank Syariah Indonesia, and Bank Mandiri (Persero). 

6 results6 results
Deal Highlights
10 results10 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
LMIRT Capital Pte Ltd - Bond Issue
2021-02-01
Makes & Partners
Singapore
Bond issue
LMIRT Capital Pte Ltd
Issuer
Golden Energy & Resources - Bond Issue
2021-05-01
Makes & Partners
Singapore
Bond issue
Golden Energy & Resources
Issuer
Ciputra Development - Bond Issue
2021-02-01
Makes & Partners
Indonesia
Bond issue
Ciputra Development
Issuer
Agung Podomoro Land - Financing
2020-12-02
Makes & Partners
Indonesia
Financing
Fransisca
Agung Podomoro Land
Borrower
KKR - Financing
2020-11-01
Makes & Partners
Indonesia
Financing
Fransisca
KKR
Borrower
Golden Energy Mines - Secondary share offering
2020-08-12
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Golden Energy Mines
Issuer
Tiga Pilar Sejahtera Food - Secondary share offering
2020-10-05
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Tiga Pilar Sejahtera Food
Issuer
Agung Podomoro Land - Secondary share offering
2020-03-01
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Agung Podomoro Land
Issuer
Bali Towerindo Sentra - Secondary share offering
2020-06-17
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan, Bernardus Billy
Bali Towerindo Sentra
Issuer
Protelindo - Secondary share offering
2020-08-01
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan, Bernardus Billy
Protelindo
Issuer
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