Firm Overview

James Murphy and Elizabeth Lan Davis

Murphy & McGonigle serves the regulatory counseling, enforcement defense, and litigation needs of clients across the full spectrum of financial services – from investment banks, broker-dealers, investment advisers, hedge funds, commodity trading advisors and pool operators, blockchain companies and entrepreneurs to national and international securities markets and exchanges, including crypto exchanges. Many of the Firm’s partners formerly served in senior positions at the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), Office of the Comptroller of the Currency (OCC), CME Group, and the U.S. Department of Justice (DOJ), and several served in senior executive positions in major financial institutions on Wall Street.

Currently, there are 16 lawyers at Murphy & McGonigle who previously served in leadership roles at the SEC. Three additional lawyers held roles at the CFTC, and one of them served as Chief Compliance Officer of NYSE Liffe US, a CFTC -registered futures exchange. The team also includes five former Department of Justice prosecutors, including two from the Southern District of New York and two from the District of Columbia.

Due to its work with a wide range of clients in the evolving financial services sector on regulatory matters, Murphy & McGonigle was named the 2021 "Law Firm of the Year" for Securities Regulation by U.S. News – Best Law Firms – a recognition bestowed on only one firm in the United States annually and which had never before been given to a boutique firm.  The Firm has also been recognized as a National Tier One firm for nine consecutive years for Securities Regulation and Litigation – Securities (also by U.S. News – Best Law Firms). The same ranking currently places many other Murphy & McGonigle practices as leaders in their respective geographic markets.

With technology innovation disrupting financial services and banking industries, both traditional clients and startups have increasingly turned to Murphy & McGonigle to guide them through new opportunities that are often fraught with regulatory and litigation risk. A leading legal rankings organization, Chambers USA, said of the Firm: "Showcases broad expertise in cutting-edge matters such as the use of blockchain, digital currencies and artificial intelligence in the fintech space."

Concurrently, the Firm boasts a White Collar Defense, Investigations & Compliance Counseling & Practice featuring former federal prosecutors and enforcement attorneys representing companies and individuals accused of business crimes, Foreign Corrupt Practices Act violations, public corruption, securities law violations and other fraudulent practices by the Department of Justice Criminal Division, the U.S. Attorney's Offices, State Attorneys General, District Attorneys' Offices, SEC, CFTC, and the Federal Energy Regulatory Commission (FERC).

The focus of Murphy & McGonigle is to deliver responsive, high quality, and cost-effective legal services. The Firm’s Litigation, Regulatory, and Enforcement practices are backed by a proprietary electronic discovery and data management consulting practice, StraDIM, housed out of the Firm’s Richmond office.

The Firm operates in New York, Washington, D.C., Virginia, Chicago, and San Francisco.