We apply bitemporal analysis to more than 500 daily data files supplied by the Global Legal Entity Identifier Foundation to show that churn dominates the dynamics of growth, such that the number of paid up records in full standing has been flat over the last year. Our analysis reveals occasional daily glitches in the past that affected thousands of records. These appear to be in better control now, but a high lapse rate is the primary challenge to the Global LEI System right now