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I just made a similar move and while the team I ended up moving to knew I wanted to etc I did not utter a word of it to my old team until promotion notices went out. Was it shady? Maybe but I’m here for my own career 😅
Also curious
What do you like about the team? And which firm? I’d mention your interest and how it aligns with what they do. I think promotion will depend on your skill set and experience if you do transfer before your promotion.