For the second time in as many months, Davis Polk & Wardwell has lured away a Cravath, Swaine & Moore partner, with the latest hire coming on the heels of Cravath's change to its lockstep compensation model.

Jennifer S. Conway, who regularly counsels on executive compensation and employee benefits in the context of mergers and acquisitions, IPOs and other business transactions, will be Davis Polk's 8th lateral hire announcement of 2021, according to a source with knowledge of the situation.