Pros
Looks good in your resume, health insurance.
Cons
E&Y has mastered the art of doublespeak. They make so many claims -- work life balance, compensation, growth, communication, interesting variety of work, "people first"...and with the voracity and redundancy by which they make the claims, you might actually believe them to be true. Unfortunately, none of it is true. Building on the Orwellian tradition doublespeak, the firm policies foster a form of Groupthink that is easily nurtured in an environment of 80-90 hour work weeks, sleep deprivation, stifling dress code, and intense competition that is in itself the result of an opaque performance rating system. Working at the firm is like sliding down the looking glass and waking up a year later like Gregor Samsa in Kafka's The Metamorphosis -- a giant insect trapped inside your cube with a diminishing personality, empty sense of self, and about a dozen legs flailing helplessly in the air, unable to escape. To those of you such as myself with a JD, go work at a law firm. You will earn at least 3 times as much. I just wish someone would have told me all of this before I signed the dotted line.