Stratocumulus is one of the most common cloud types globally, with a profound effect on the earth’s radiation budget, and the drizzle process is fundamental in understanding the evolution of these boundary layer clouds. In this paper a combination of 94-GHz Doppler radar and backscatter lidar is used to investigate the microphysical properties of drizzle falling below the base of stratocumulus clouds. The ratio of the radar to lidar backscatter power is proportional to the fourth power of mean size, and so potentially it can provide an accurate size estimate. Information about the shape of the drop size distribution is then inferred from the Doppler spectral width. The algorithm estimates vertical profiles of drizzle parameters such as liquid water content, liquid water flux, and vertical air velocity, assuming that the drizzle size spectrum may be represented by a gamma distribution. The depletion time scale of cloud liquid water through the drizzle process can be estimated when the liquid water path of the cloud is available from microwave radiometers, and observations suggest that this time scale varies from a few days in light drizzle to a few hours in strong drizzle events. Radar and lidar observations from Chilbolton (in southern England) and aircraft size spectra taken during the Atlantic Stratocumulus Transition Experiment have both been used to derive the following power-law relationship between liquid water flux (LWF) (g m−2 s−1) and radar reflectivity (Z) (mm6 m−3): LWF = 0.0093Z0.69. This relation is valid for frequencies up to 94 GHz and therefore would allow a forthcoming spaceborne radar to measure liquid water flux around the globe to within a factor of 2 for values of Z above −20 dBZ.