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Anyone who said that life in a law firm is short of challenges, has never worked in one. Among the many, is finding time to deal with law-firm admin: time recording, form filling and all the daily blocking and tackling. I sometimes get asked by younger lawyers when to do this and what to prioritize. These are important conversations, with no easy answers. One thing I try to stress is the importance of the lawyer’s personal realization rate, not just monitoring it, but actively improving it. So, if you’re wondering about your own realization rate, here’s a few pointers.

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1.  It matters: Your realization rate matters to people who set your pay. It matters a lot. These people—managing partners, office heads and compensation committees—look at this data closely and regularly. You can too. 

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