We have been thinking to switch from classic experience to the modern one.
One of the reasons is the bulk edit.
Can anyone list the pros and cons of these two?
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You can use Quick Edit/Bulk Edit in both Classic as well as Modern experience in SharePoint Online.
However, you can find the differences between Classic and Modern Experience in below articles:
At the end, the choice of classic/modern is depend on the features you are going to use from those experiences.