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It’s fairly common in the appellate practice space and I know a few lawyers that do it in an ‘of counsel’ capacity. I think the trickiest part would be the marketing (just assuming here but if you’re in Big Law I’m guessing you don’t have deep connections in your local small law community) but I think getting involved in solo/small law activities would remedy that quickly. I represent solo and small law firms as outside General Counsel, DM me if you ever want to chat. Good luck!
This is very helpful, thank you!