Pros:
Classy Professional style
Holds folders, papers or a small biner (1.5 inch maximum I advise)
External zipper pockets can hold private items (pads, tampons, pills, etc)
Nice structure
All pockets zip close for privacy or bad weather
Material is scuff and spill resistant
It's just pretty! And useful!

Cons:
My boss has this same bag and it doesn't appear to wear well. Her handles are almost falling off and the silver detail fell off early on. Zipper pulls are also broken with normal wear.

Despite the cons, I still love this bag. Would I pay $50 for it? Abaolutely not. You get what you pay for. I wish it was more long lasting, because I think I'll use it every day. It won't hold my lunch, but it does hold: my planner, a book, makeup pouch, wristlet (or wallet), work and home keys, pens, and iPhone. Even with all of that, there's some left over room for more paperwork or an additional planner.