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Practice and Firm Management

What Is Realization Rate?

The share of the value of time recorded that a firm actually collects, after write-downs, discounts and write-offs.

Legal Tech GlossaryBy The Circle Desk

Why It Matters

Realization is one of the core law firm financial metrics. Billing tools that catch problems before invoices go out, and analytics that show which matters lose money, help improve it.

Practice / Matter Management Companies

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Related Terms

Utilization rate
The share of available working hours that a lawyer records as billable time.
Legal billing
Turning recorded time and expenses into invoices, applying rates and client billing rules, and tracking payment.

General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.