Pros
Four years ago I posted a glowing review of the firm on this site. In those four years, most of the pros I had listed have steadily been withdrawn. But for now, if you were a new hire you can still feel some of the vestiges of what made the firm the firm: a desire to support its employees to make sure that the best and brightest came here instead of our competitors. It's on its way out, though.
Cons
The incident I feel most sums up where things have gone downhill: I'm not the only staff who noticed that they solicitied firm-wide input to spend time taking the employee survey--a large portion of which discussed our time off benefits--only to release a new policy on that issue within days of the survey closing changing our benefits. In other words, to early for them to have possibly had any time to review and actually care about the results. For a firm that markets strategic communications expertise to clients this was an epic fail. In addition, most of us have seen the ECAP phase-out writing-on-the-wall coming for a while. Mark my words, this is just the start of what eventually will turn into a vanilla 401(k)/matching system. Just like our competitors.