Length of url & number of folders have some importance (see also http://moz.com/blog/15-seo-best-practices-for-structuring-urls - point 6 & 11) but I don't think they are major ranking factors.
What is important however is the depth of the site (how many clicks needed to reach the content you are integrating) - As you are integrating a old site on in another domain - I would try to make sure that you have sufficient crosslinks between the part you are integrating & the existing content. If you only have 1 link from the home to the "integrated" site, you'll be moving the old content one step deeper in the structure, which might have a considerable impact on your ranking (I was unfortunate enough to experience it on one of my sites)