Pros
Firm Name - imagine that! Really, the best thing was the firm covered the country. Midwestern billing rates made the efficiency on billables pretty easy, no clients really seemed to sweat the bills aggressively. Understood the concept of differentiation - hence, Seyfarth Lean, etc - showing progressive attempts as anticipating how legal practice would evolve.
Cons
History as L&E depressed income - partners couldn't understand how billing on contracts with effective rates of $250/hr for a partner prevented them from having take home pay like big boys (Kirkland, Jenner, etc.). Management didn't want to look under the hood - partners allowed to abuse associates because everyone had skeletons, so tacit agreement not to ask too many questions.