There is: The left-hand side is the number of states available to a system with a fixed number $\lambda n$ of particles distributed over $n$ sites whereas the right-hand side is the effective number of states available to a system of $n$ sites independently occupied with probability $\lambda$. It's intuitively clear that the latter system has more states available, since the particle number is allowed to vary. The difference is related to the one between the canonical ensemble and the grand canonical ensemble. Alternatively, you can regard the sites as possible excitations of equal energy; then the difference is related to the one between the microcanonical ensemble and the canonical ensemble.
The binary entropy $-\sum_ip_i\lg p_i$ is the binary logarithm of the effective number of states. The binary entropy of the system with fixed particle number $\lambda n$ is
$ -\binom n{\lambda n}\left(\binom n{\lambda n}^{-1}\lg\binom n{\lambda n}^{-1}\right)=\lg\binom n{\lambda n}, $
whereas the binary entropy of the system with given proportion $\lambda$ is the sum of the binary entropies of the $n$ independent systems, and $H(\lambda)$ is precisely the entropy of a site with two states, occupied with probability $\lambda$ and unoccupied with probability $1-\lambda$; the sum for all $n$ sites is $H(\lambda)n$.