DLA Piper has entered into a strategic alliance with Indonesian firm Ivan Almaida Baely & Firmansyah (IAB&F) to tap into one of the fastest growing emerging economies in the world.
The Jakarta-based firm focuses on servicing international and domestic corporations, investors and state-owned enterprises.
DLA Piper has been involved in Indonesian matters for many years. One of the firm’s key mandates from the jurisdiction is advising the Indonesian government on its offering of $3bn of medium-term notes in 2009, which is one of the country’s largest US dollar-denominated bond sale.
“Indonesia is one of the fastest growing emerging economies in the world, with a young population, burgeoning middle class consumers and growing international trade – it makes sense for us to formalize our close ties with our partners there,” said Nigel Knowles, global co-chief executive of DLA Piper in a statement.
“The strategic alliance with IAB&F is a key component of our South East Asia strategy, which is led from our regional hub in Singapore,” added Bob Charlton, managing director for Asia Pacific.
IAB&F joins DLA Piper as part of a large group of “relationship firms”, which include New Zealand’s DLA Phillips Fox, Croatia’s Glinska & Miskovic, Egypt’s Matouk Bassiouny, Sweden’s DLA Nordic, and six firms across Africa.
According to sources, a team of DLA Piper partners went to Indonesia to discuss the possible alliance arrangement with a number of local firms, including Makes & Partners.
In recent months, a number of firms, such as Clyde & Co, have expressed interests in setting up an association in Indonesia to capitalise on the country’s economic growth and vast energy & resources sector.
Since 2011 a raft of international firms have entered into association with local firms. Hogan Lovells’ association with five-partner Hermawan Juniarto is the latest example. Linklaters has also gained a foothold via its Australian ally Allens, which has a long-term association with Jakarta firm Widyawan & Partners. White & Case is one of the most recent international firms to have done so via its association with local firm MD & Partners (30 January 2013).
See more details on the Indonesia’s legal service market, please see The Lawyer’s recent special report: Roads-tinted view (13 August 2012).