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4 years feels like a long "look" period (2 is not uncommon before many firms will promote a lateral to partner), but this also may be difficult to negotiate if they treat everyone the same. Will they bring you in and possibly promote you to counsel after 2 years, then partner a couple years later? May be worth asking if they have a counsel role and how the comp for that differs from what a senior associate receives.
Are the salaries lock step?