If the work isn’t captured, billed, and collected—your firm funded someone else’s case for free.
Law firms lose revenue in predictable places: time that never gets entered, invoices that get written down, bills that age without a system, and cash that arrives weeks (or months) after the work was done.
This webinar gives you a clean way to diagnose the problem using a single pipeline model and shows how Billables + LeanLaw close the loop.
The Revenue Efficiency Pipeline
These four metrics describe how a firm moves from work performed to cash in the bank:
Utilization — Did lawyers record billable work?
Realization — How much recorded work made it onto the invoice?
Collections — How much invoiced work was paid?
Time-to-Money — How long it took to convert work into cash.
Add the unifying metric (ECR):
Effective Collection Rate (ECR) = Utilization × Realization × Collections
ECR answers: What % of available capacity becomes cash revenue?
Simple example block (keep tight):
100 hours available → 80% utilization → 90% realization → 90% collections
= 65% of capacity becomes cash (often delivered 60–90 days later).
AI Time Capture + Revenue Operations
Billables AI improves Utilization by passively capturing work activity (email, calendar, documents, meetings) and turning it into suggested time entries.
LeanLaw improves Realization, Collections, and Time-to-Money by governing how that work becomes invoices, payments, and cash-flow reporting—so the firm can run on discipline, not memory.
In this Webinar, We Will Cover: