Pros
In the past, one of the great reasons to work at A.T. Kearney as a Partner was the flat meritocracy. Your total compensation was less a function of your seniority, and more of a function of what you were able to sell in the marketplace. However, in its wisdom, the current Senior Leadership Team (SLT) and Board of Directors have decided to change that...
Cons
...and tilt the balance of compensation much more heavily towards Partner tenure and experience, and less on actual individual and team-market performance. The new compensation system makes it harder to build wealth unless you'd want to be a Partner for >5 years, regardless of your performance. Of course, the committee who decides the compensation system and individual Partner ratings is now loaded with highly tenured Partners, who have a vested interest in loading the compensation dice in their own favor. The firm also just announced a compensation change that lowers compensation for first year Partners, and goes back on compensation promises that were publicly made to Partners and Principals over several years about what they needed to put in/what they would get back in terms of a return on their equity investment.