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We discuss at great length in the May issue of The American Lawyer how much lawyers and law firms are earning. But in some ways the more interesting question is what you’re doing with the money. I’m brought to that inquiry by three recent events: a congressional debate, an act of foolishness (not the same thing) and the posthumous generosity of Skadden’s Joe Flom.

The action in Congress related to the funding of the Legal Services Corp. As I write, its future has been secured for this budgetary year, having suffered a $15 million cut. But beyond that, the deficit hawks will target LSC’s $430 annual budget again.

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