At Cloud Contracts 365, innovation isn’t just a buzzword, it’s a way of life. As a company that has set out to revolutionise how businesses handle their legal needs, Cloud Contracts 365 recently achieved a milestone that cements its place in the legal tech landscape: winning the Innovation in Legal Services Award at the British Legal Technology Awards. This recognition is a testament to the company’s mission, vision, and impact in the industry.
We sat down with CEO Kim Simmonds to reflect on this incredible journey, the challenges of building a ground-breaking product, and the future of legal services. From its humble beginnings to becoming an award-winning legal tech platform, Cloud Contracts 365 has consistently focused on making legal services accessible and affordable for tech businesses of all sizes.
For Kim, the award represents much more than a trophy. “The British Legal Technology Awards are like the Oscars for legal tech,” she says, her pride evident. “To win, especially against well-known giants like Thomson Reuters and Luminance, is absolutely amazing. It validates the work we’re doing and the impact we’re having.”
What sets Cloud Contracts 365 apart is its commitment to democratising legal services. While many legal tech companies focus on serving law firms, Cloud Contracts 365 took a different approach by catering directly to businesses. The platform equips users with tools to create, review, and manage contracts efficiently, all at a fraction of the cost of traditional legal services.
“Our mission is to make high-quality legal tools available to everyone, not just large corporations,” Kim explains. “We’ve designed Cloud Contracts 365 to empower businesses, especially small and medium-sized enterprises, to take control of their legal needs without breaking the bank.”
One of the standout features of Cloud Contracts 365 is its specialisation in the tech sector. By tailoring its AI, templates, and tools to the unique needs of tech businesses, such as Managed Service Providers (MSPs), SaaS companies, and Microsoft Partners. The platform offers a level of precision and relevance that few competitors can match.
“We knew from the start that we wanted to focus on tech businesses,” Kim says. “As a lawyer and business owner, I’ve seen how expensive and time-consuming legal services can be. By creating a platform specifically for tech companies, we’re helping them overcome those barriers and thrive.”
This specialisation didn’t go unnoticed by the judges at the British Legal Technology Awards, who praised Cloud Contracts 365 for its innovative approach and inclusive pricing model.
The journey to success hasn’t been without its challenges. One of the biggest hurdles Kim and her team faced was raising awareness about the platform. “Many businesses don’t even realise legal tech like ours exists,” she says. “There’s also a mindset shift required. People are so used to relying on lawyers for everything that they don’t immediately see how tools like Cloud Contracts 365 can fit into their workflows.”
Educating the market has been a significant focus for the team. By showcasing how intuitive and user-friendly the platform is, they’ve helped businesses understand its value. “We’ve worked hard to develop features that solve real problems, not just look good on paper,” Kim adds.
Another challenge has been staying ahead in an industry that’s constantly evolving. “Legal tech is advancing rapidly, and we’re always striving to anticipate what businesses will need next,” she explains. “It’s a balancing act. Being innovative while ensuring that every feature we add is practical and impactful.”
At the heart of Cloud Contracts 365 is its proprietary AI, which Kim describes as a game-changer for businesses. Unlike many competitors that rely on generic large language models, Cloud Contracts 365’s AI is built specifically for legal applications.
“Our AI doesn’t require you to know what questions to ask,” Kim says. “It thinks for you. Upload a contract, and it instantly analyses it, highlights risks, and provides actionable insights. It’s designed to make legal processes faster and easier for everyone, regardless of their legal expertise.”
This approach ensures that the platform complements, rather than replaces, legal professionals. “We’re not here to take jobs away from lawyers,” Kim emphasises. “Our platform handles the routine, everyday tasks, freeing up lawyers to focus on the high-level advisory work that truly adds value.”
As Cloud Contracts 365 looks to the future, the company is already working on exciting new developments. Kim hints at a revolutionary product set to launch next year that will transform how businesses handle exits, from mergers to acquisitions.
“Beyond that, we’re adding features like redlining and advanced negotiation tools to make the platform even more robust,” she reveals. “Our goal is to stay ahead of the curve and continue delivering tools that empower businesses to succeed.”
Expansion is also on the horizon. With plans to enter the U.S. market and other common-law jurisdictions, Cloud Contracts 365 is poised to bring its innovative approach to legal services to a global audience.
For Kim, the success of Cloud Contracts 365 wouldn’t be possible without the incredible team behind it. “I’m so proud of the culture we’ve built,” she says. “We’ve created an environment of psychological safety and shared purpose, where everyone feels valued and driven by our mission to democratise legal services.”
This collaborative spirit has been a cornerstone of the company’s rapid growth and success. “It’s amazing to see how aligned we are in our vision and how hard everyone works to bring it to life,” Kim adds.
As a woman leading a tech company, Kim acknowledges the challenges she’s faced but remains optimistic about the industry’s future. “It’s not easy, especially balancing two businesses and family life, but I’ve had incredible support,” she shares.
Kim believes that the unique skills and perspectives women bring to the table are invaluable in building successful businesses. “Being a woman in tech today is exciting. There’s so much momentum behind initiatives to bring more women into the industry, and I’m proud to be part of that movement,” she says.
Her advice to aspiring entrepreneurs? “Find a mentor. Having someone who’s been through it can help you navigate the challenges and create a solid plan. Building a tech company is hard work, but with determination and the right support, it’s absolutely achievable.”
Reflecting on the company’s journey so far, Kim is filled with pride and excitement for what’s to come. “Our mission is to make legal services accessible, efficient, and affordable for businesses of all sizes. Winning this award is just the beginning,” she says.
As Cloud Contracts 365 continues to grow and innovate, the company’s impact on the legal tech industry is undeniable. With a bold vision, a dedicated team, and ground-breaking technology, the future looks brighter than ever for Cloud Contracts 365 and for the businesses it serves.