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At current pace, your employer must start the process not later than 2 years left on H1B as it is taking 8 months for PWD and additional 3 months to do all required documentation. (Your perm must be in the system with at least a year left on H1B)
Pro
The process end to end takes about 2 years in most firm so as long it starts with about 2.5 years left, it should be fine.