Pros
It's a really good group of senior talent to learn from and work with. I enjoyed the approachability the most and they always welcome a good attitude. Felt like there was an actual culture here vs. other investment banks.
Cons
It's an investment bank, so the cons of a typical investment bank. However, I think that Covington does get it right. I think that the hours/ work life balance are pretty solid here. A poster mentioned comp and I think that's the trade off when junior folks are being used efficiently unlike other shops. That being said, comp is competitive given the hours and you'd hard pressed to find that elsewhere. You can max your comp by going to Jeffries and working 100+ hours a week etc. if you so choose.