12/5/2019 Indonesia to be Asia’s next digital powerhouse: Implications for legal services - Asia Law Portal

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Indonesia to be Asia’s next digital powerhouse:

Implications for legal services
John
John Grimley
Grimley on
on September
September 5,
5, 2016
2016

According to the recently released e-conomy SEA 2016 report conducted jointly by Google and
Singapore’s sovereign wealth fund Temasek Holdings, Indonesia’s internet economy is growing at 26%
annually. And it “will be worth about US$81 billion in 10 years, or about 40% of the total Internet
economy of the entire South-East Asian region, which is predicted to hit US$197 billion by 2025”,
according to a recent report by Digital News Asia.

Notably, Indonesia is host to 29% of all of South East Asia’s startups, more than is currently in
Singapore. Google Indonesia’s managing director Tony Keusgen told Digital News Asia that: “The kind
of Internet user growth that we are seeing in Indonesia will eventually change the way Indonesians
learn, set up businesses, and communicate.”

Legal services and the internet: A confluence of interests in Indonesia

As Nick Seddon, Partner with Australia’s Beaton Capital detailed in 2014, Indonesia represents the most
significant regional opportunity for foreign law firms, as a result of its’ immense and growing middle class
and affluent consumers (currently 75 million). This number is projected to rise to 141 million by 2030.
Too, as Seddon detailed: Indonesia’s economy over the last decade has been a consistently good
performer, while enjoying innate political stability. Despite not having yet substantively liberalized its’
legal markets, it remains an attractive locale for foreign law firms to forge alliances.

A wide variety of legal services models can and likely will, thrive in Indonesia

Foreign law firms however are not the only legal services business model poised to reap the benefits of
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12/5/2019 Indonesia to be Asia’s next digital powerhouse: Implications for legal services - Asia Law Portal
Foreign law firms, however, are not the only legal services business model poised to reap the benefits of
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Indonesia’s attraction and digital transformation. Within the region already, the internet economy has Top
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helped power legal startups including LegalVision in Australia and AsiaLawNetwork in Singapore. Given
the growth of the internet economy in Indonesia coupled with its attraction for legal services – it seems a
matter of time before Indonesia’s legal market will be transformed by the same forces. As Google’s
Keusgen told Digital News Asia: “This is why companies [read: law firms] need to change too – now is
the time for them to take advantage of the momentum.”

6 reasons why Southeast Asia is poised to become a major new destination for legal startups

The Asia-Pacific Legal Markets 2014: Opportunities and Challenges

30 people to watch in the business of law in Asia in 2017

Posted in: Asia Legal News, Indonesia Legal News and Analysis, NewLaw in Asia
Tagged in: Asia Law Portal, Asia legal market liberalization, Asia Legal News, Asia Pacific legal
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12/5/2019 Indonesia to be Asia’s next digital powerhouse: Implications for legal services - Asia Law Portal

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Next → Asia Pacific Legal News, Asia-Pacific Legal Markets, Indonesia law firms, Indonesia legal
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in Asia,

Posted by John Grimley

John Grimley edits and publishes Asia Law Portal. A writer & editor to
international businesses and organizations, he's the author of: A
Comprehensive Guide to the Asia-Pacific Legal Markets (Ark Group, 2014).

All Posts Website

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