Pros
1. Starting out in this firm allows you the opportunity to work on various types of clients (PCS, AIF, commercial and etc.). If you are lucky, you can choose to concentrate on one type of client. 2. Compensation is acceptable if you don't know what others are making. 3. Paid time off is good if you don't have to make up for your time being away. 4. Training has improved over the years but quality of work has gone down. 5. They still try to have fun but business model has changed and the firm no longer finds the need to initiate nor pay for periodic happy hours and what not. 6. The office has some kind and diligent individuals. There are a lot of talents and PCS experienced partners.
Cons
All of the pros end up being cons as well...... 1. Just because you are assigned to a certain group doesn't mean you don't have to work on other clients. Basically you end up working on everything outside your assigned group and a ton more from your assigned group. Ohh.. Lucky, lucky you! 2. Like what others have mentioned, you may be a senior with a bachelor degree but you'll end up making less than a new associate with a law degree. What about raises? What about bonuses? That money already went to the firm's huge expansion plan. Next question please. 3. Going on vacation is great but what's better is you get to work after hours and on the weekends until you finish all the work that was supposed to be done while you were away. 4. Accounting and tax are not super intuitive concepts but you can't help but wonder why and how they remain to be foreign languages for some people in the office. 5. The budget has been cut for entertainment. Most of that money went to recruiting and activities for the intern. Why? They foresee huge turnover and decided to invest in minions. 6. Ever had a demanding boss that gives you a huge project and wants it in an hour? Think about having 10 or 20 of them pulling you in different directions.