Not really a solution - but maybe the following report of my experience gives you an idea about possible options:
I'm a freelancer in the editorial realm, and for one of my major customers I still have to use InDesign CS 5.5 and an accompanying CMS, which are both well 10 years old today. I have solved this by running a virtualized MacOS Mavericks under Parallels on my former Mac mini.
Obviously, this path would be blocked when changing to Mac Silicon. On the other hand, I did not want to miss out on the clearly higher performance of Apple's new hardware for the other 60 or 70 per cent of what I'm doing every day.
So I ended up switching to a Mac Studio, installing Parallels on an Intel Macbook Pro and run the legacy environment there. For convenience, I access the MacBook Pro from the Mac Studio via screen sharing. This works generally quite well (however, in my case I observed that I wanted to use an 8-core i9, with four cores for the VM and four cores for the host for this setup to run really smoothly). Getting files to and from the virtual environment always meant to transfer them via Parallel's host access - so this did not really get more complicated than before.
Maybe my solution means a little hardware overkill, but for me it seemed like the best choice.