Pros
The money is decent, and most of the people are pleasant to work with (I'm still friends with some of them). The mismanagement of the company can also be an advantage at times... pay raises and new titles are awarded almost arbitrarily, so one might find themselves as a junior creative director quicker than they would elsewhere.
Cons
The company is very poorly organized/managed, and one frequently wonders who's in charge at any given time. Almost every project is run through the CEO who is a very nice person but acts more like a creative director... this wouldn't be a problem if there wasn't so much work to do. This mismanagement used to result in incredibly frustrating bottlenecks and long hours for employees, until Badger & Winters lost a major client to another agency. Since then things have improved some... mostly due to there just being less work.