Pros
Good exposure to project management. Project management guidelines are much in line with PMP training. You get to handle end to end project life cycle. You are given client communication at a very early stage.
Cons
Office politics is hellish. Most irritatingly, the management themselves are involved in it. Salary is very poor, you can never expect to get a good raise no matter how excellent your performance may be. 90% of the Model II PMs come here for exposure in project management and then leave when they get a good paying job. Management cannot be trusted. I have seen management retaining people who have put in their papers by promising them a promotion or good raise. But when the time comes they go back on their promise. Really unprofessional and terrible thing to do with anyone. Work time flexibility and work culture was one thing due to which people used to stay back at lionbridge. That seems to be waning with time and new HR policies. The one factor for which people used to stay back is now on the verge of being withdrawn.