Law Firm Realization Rate in 2026: How to Calculate, Track, and Improve It (The 5-Lever Playbook Every Managing Partner Should Run)

Realization rate is the single most diagnostic number in a law firm's P&L - and most firms are tracking it wrong, looking at it monthly instead of weekly, or confusing billing realization with collection realization. Here's the 2026 playbook for measuring it correctly and pulling the 5 levers that actually move it.