diff --git a/Cargo.lock b/Cargo.lock
index be8a8a74bf..51bd47b66c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1230,7 +1230,7 @@ dependencies = [
 
 [[package]]
 name = "collab"
-version = "0.12.1"
+version = "0.12.3"
 dependencies = [
  "anyhow",
  "async-tungstenite",
diff --git a/crates/collab/Cargo.toml b/crates/collab/Cargo.toml
index ba49373641..4544d411d0 100644
--- a/crates/collab/Cargo.toml
+++ b/crates/collab/Cargo.toml
@@ -3,7 +3,7 @@ authors = ["Nathan Sobo <nathan@zed.dev>"]
 default-run = "collab"
 edition = "2021"
 name = "collab"
-version = "0.12.1"
+version = "0.12.3"
 publish = false
 
 [[bin]]
diff --git a/crates/collab/src/rpc.rs b/crates/collab/src/rpc.rs
index 001f3462d0..ac86f8c171 100644
--- a/crates/collab/src/rpc.rs
+++ b/crates/collab/src/rpc.rs
@@ -51,7 +51,7 @@ use std::{
         atomic::{AtomicBool, Ordering::SeqCst},
         Arc,
     },
-    time::Duration,
+    time::{Duration, Instant},
 };
 use tokio::sync::{watch, Semaphore};
 use tower::ServiceBuilder;
@@ -397,10 +397,16 @@ impl Server {
                         "message received"
                     );
                 });
+                let start_time = Instant::now();
                 let future = (handler)(*envelope, session);
                 async move {
-                    if let Err(error) = future.await {
-                        tracing::error!(%error, "error handling message");
+                    let result = future.await;
+                    let duration_ms = start_time.elapsed().as_micros() as f64 / 1000.0;
+                    match result {
+                        Err(error) => {
+                            tracing::error!(%error, ?duration_ms, "error handling message")
+                        }
+                        Ok(()) => tracing::info!(?duration_ms, "finished handling message"),
                     }
                 }
                 .instrument(span)