Murphy & McGonicle is an East Coast law firm “focused on client needs ranging from SEC to Hedge Fund to Litigation to Compliance”.
Murphy & McGonicle has an “innovation lab”, which the firm says allows it to serve its clients “as technology fundamentally transforms the way they do business”, and in which it explores “new ways to deliver services”, such as “proprietary databases”.
And in 2018, Murphy & McGonicle decided that one of these innovative databases should be a “proprietary, data-based tool to monitor U.S. litigation in the blockchain industry”. It would be called the Murphy & McGonigle Blockchain Litigation Database, and it would be very good.
Last week, we were allowed a glimpse into some of the unique insights that can be gleaned from this propriety non-distributed database on distributed database litigation, as Murphy & McGonicle released The Blockchain Litigation Year in Review Report for 2019 (h/t David Gerard for drawing our attention to it).
Among the report’s headlines was: “Regulatory Enforcement Actions Drop Off”. Here’s Murphy & McGonicle’s chart showing the spike in blockchain litigation in 2018 (somehow the spike is illustrated by showing the difference in the number of cases between 2018 and 2019, rather than 2017 and 2018):
But then there’s a better chart. You see because you can’t really get any true insights from a line chart without a trend line and a line explaining what’s going on. What you really need is some t e c h n i c a l a n a l y s i s.
Following the 2018 enforcement wave, blockchain litigation returned to its previous upward trajectory in 2019.
Which seems odd to us, given the number of cases halved in 2019.
Before you call up the chart crime police, you’d better call Murphy & McGonicle. The trend line dictates that blockchain litigation is going up, so it looks like they’re on to a winner.