L1 Extension - Processing Time


Zample10

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Hi,

I am in the U.S on L1 Visa. My Visa expired by 20th July 2013 and my company applied for L1 extension on the same date. I have received the receipt for the same. I would like to know the current processing time trend. I hear that it may take up to 3 months. 

If my company applies for premium processing, will I get a response for the same within 15 days? With premium processing, does the probability of rejection increase?

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