Can in house counsel do contract work/ consultant work / have their own legal consulting business while employed in house ?

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Review your employee handbook or contract if you have one for some reason. If it's not disallowed and you run it by your supervisor I don't see any issues with it besides the obvious conflict of interests possibility you'll have to be aware of.

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Depends on the company. Small start-up? probably. Fortune 500? No chance.

Large financial institution

Good luck getting malpractice insurance.

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