How to Calculate True Attorney Profitability Beyond Realization Rate in 2026: The 4-Metric Framework Every Managing Partner Needs

Realization rate only tells you what you billed vs. what you collected. It misses non-billable hours, overhead allocation, expense leakage, and matter-level cost-to-serve. Here's the four-metric framework partners should use to measure true attorney profitability in 2026 — and how to operationalize it inside a legal accounting platform.