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Personally haven't seen it happen less than 5 yrs so I don't think 3-4 is average. And 2 not realistic. I see many 5-7.
I don't know what group P1 is from, but 3-4 years from Director to Principal is unheard of. More like 5-7 years, at least. This is for Directors who have been promoted from within the firm (from Manager).
Same as D, average would be 3-4 years, can be 2 if you are making it rain and the practice has space for a new partner.
So that is the timing on making it from fresh director in. What does it take to get into the process? What is the process once you're in consideration.
At D you're a general pool, then reviewed at 3 years to start the P process. Many never make that jump. Once you're in the process it is about 6 months of exec/ppmd interviews.
3 if ur making it rain. But 5 is def typical
But I guess it all depends on your group.
I made it in my 4th year but got grief and threats during the process that I was moving too fast. Beyond ability to make it rain, it's about broader practice performance. I thought 90% variables were outside of my control. Good luck and don't give up - it takes way too long to establish and sustain pipeline in a new firm.
Same here at K... 5-7 yrs. not sure it even helps you