Is it normal to have 4 rounds of interviews at small boutique IBs?

Just curious about the above question. If so, what's the most number of "formal" interviews anybody's had at a given firm (large or small)?

EDIT: Keep in mind I work full-time and all the taking off work to interview is not unnoticed...why can't 3 interviews be enough given that round 2&3 both have cases?

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