Pros
Great work-life balance in most teams. There are well used and formal telecommunicating processes. THis is of course bounded by the client and their needs/expectations. That being said, I've seen folks allowed to work from home for a variety of reasons. One person was even allowed to work from another country for a month to visit a spouse assigned overseas. By and large some of the best people with whom I've ever worked. BE somehow manages, through it's curren crises, to recruit great people, although they're having trouble retaining them. BearingPoint places an emphasis on promoting from within rather than hiring externally which is a plus.
Cons
Backwards thinking leadership, perverse work incentives. Communication from senior leadership rarely seems accurate or sincere. Compensation isn't bad, but with the current stock prices and slow return to profitability there isn't much by way bonus. In fact, this year only the two highest categories of performance review were permitted to be considered for a bonus, and the best bonuses were only in the 4-5% range for people under the rank of managing director. Bonuse from 2007 won't even be paid until mid-July of 2008! Although BearingPoint does promote from within, raises accompanying promotions are so low, that many employees see applying for jobs elsewhere as the only productive way to getting a serious raise. Often we lose high quality employees immediately after promotion because of dissatisfaction with their raise.