cons:
1.) pay
2.) minimal vaca
3.) longer hours
4.) lack of autonomy
pros:
1.) location
2.) prestige (if you're into that sorta thing)
3.) job security
4.) teaching (if you like to teach)
Do a search on here...numerous threads on academic / slide mills / corporate gigs. They suffer from similar same problems. Obviously if you're into research and want to make a name for yourself, academics are great, particularly if you decide you want to be a leader in a certain field you can tailor your career that way...
But most academic jobs out there just need to get filled with warm bodies to accommodate the volume, teach, etc, and there's not particularly great hours, pay or benefits. Most specialties pay considerably less in academics vs private practice , unless you're from the old guard and had some baller contract grandfathered in or are tenured. But most jobs in path are academic, slide mill, corporate gigs, employee-at-pathologist-owned practice.