Auto-darkening welding helmets claim 40 microseconds.
Or 'rising' means changing the natural state of the crystal (thus rotating 90° the polarization), and 'falling'... well, falling back to the natural resting state. It makes some sense that falling back when unenergized is slower than rising.
Now it'd be interesting to know what happens during rise and fall time. Progressive linear polarization? Waiting time until the crystal reacts?