Realization rate measures time billed with the percentage of fees collected. The higher the percentage of billings collected, the higher the realization rate.
Setting a realization standard within the firm, billing timely, having the very best collection policy will not increase your realization rate if you are working with clients that will not or can not pay.
“Stack the deck in your favor” by doing business with clients that are most likely to pay. Our slideshare presentation provides great tips for increasing realization rates. You can access Improving Realization Rates by clicking here.
Need help pre-screening your clients or collecting unpaid fees? Call us at (212) 686-0100 or email us directly at Jnager@ffgnesqs.com for further information and/or to help you get paid now.
