Pros
The firm’s name on a resume still carries significant weight amongst older industry professionals in some geographies. If you join, treat it as a short-term strategic play for your personal brand and nothing more.
Cons
The internal reality is a sharp departure from the external reputation. The firm is currently suffering from a severe case of “re-org transition" and a leadership vacuum,
where the best days of this organization are possibly behind it.
The primary issue is a complete lack of a unified governance structure. Leadership is fractured, with power cliques operating in silos trying to protect their turf or many times undercutting each other with competing projects that don’t play well with each other. Instead of a cohesive strategy, you have a collection of ungoverned egos, each running their own fiefdoms and creating constant, unnecessary chaos for the teams beneath or adjacent to them.
The political environment is intense and deeply personal. It has become an "insider-first" culture where professional merit is often secondary to internal patronage. You will frequently see people being promoted or conversely, pushed out based on proximity to specific leaders, family connections, or long-standing personal alliances and decade old grudges rather than authentic operational impact. If you aren't part of clique or circle with a strong alliance you are effectively working in a different company than those who are, and your ability to impact success has to be at the expense of others not in your clique,