Mergermarket has confirmed that Herbert Smith Freehills has taken out the top spot for number of deals and total deal value.
The global heavyweight recorded deal values of $53.2 billion and 85 deals total.
In terms of deal value, Allens claimed the number two spot, recording a deal value of $48.9 billion.
This was followed by King & Wood Mallesons with $43.4 billion, Clifford Chance with $28.6 billion and Debevoise & Plimpton with $27.8 billion.
In terms of total deals completed, Gilbert + Tobin nabbed second place, recording 66.
This was followed by MinterEllison with 61 deals, King & Wood Mallesons with 53 and Ashurst with 46.