The report from Mergermarket ranks firms in the Asia-Pacific region by deal count as well as deal value for the first three months of the year.
King & Wood Mallesons topped the list for number of deals, with 26 transactions pushed through in the period.
Herbert Smith Freehills came in second place, with 19 deals.
The next firm with an Australian presence was Clifford Chance, which ranked ninth with 10 deals in the quarter.
DLA Piper, Baker & McKenzie and Jones Day were also featured in the top 15.
However, analysing the past quarter by transaction value, firms with Australian offices were poorly represented in the top 15.
Clifford Chance ranked highest at place 6, with deals worth $49.4 billion in the quarter.
By contrast, the number one position was taken out by Chinese firm Fangda Partners, which presided over $57.25 billion worth of deals.
King & Wood Mallesons was ranked 11th, with a deal value of $36.23 billion, followed by national firm Gilbert + Tobin at $17.25 billion and Allens at $17.08 billion.
Nonetheless, Australia was the country with the largest transaction in the quarter: the $9 billion acquisition of Asciano.
A number of firms advised on this mega deal, including Allens, Herbert Smith Freehills, Gilbert + Tobin and Baker & McKenzie.