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24 F here ☺️
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8-10yr? Counsel should be purgatory phase only, unless you have some leverage to request and get, or you are needed but not indispensable?
Depends on group, some are at year 13-15, the shorter ones are 10 ish.
Some recruiter sent us an email recently, she’d crunched the numbers. The average this year was 12 years. Our official partner window starts at 7. The most junior person this year was c/o 2017.
To the second question: yes. The firm is not up or out. You can make counsel and hang out for an indefinite amount of time. You can also make counsel and later make partner - there’s been a couple of people in the last few years who got promoted after spending a decade plus as counsel.