Kimberly "Kim" Drake-Loy, Chief Legal & Risk Officer, Shermco Industries
Kimberly “Kim” Drake-Loy is the Chief Legal and Risk Officer for Shermco Industries, the largest and fastest growing electrical testing and commissioning company in North America. As a key member of the Shermco executive leadership team, Kim provides legal counsel and compliance oversight for all business units and support groups.
Kim has over twenty-four years of experience in various industries, having served in leadership positions at CoreLogic, Mortgage Contracting Services, and most currently with Shermco. She successfully has led national licensing projects, implementation of contract management systems and internal contract review processes, closed multi-national merger and acquisition deals, established compliance management systems, and negotiated challenging large scale insurance renewals.
During Kim’s tenure at Mortgage Contracting Services, she was recognized in DS News, as a “Top 25 Women of Law,” recipient in 2018. While at CoreLogic, Kim was a two-time recipient of the Kennedy Excellence Award, a coveted employee recognition program with the company.
Kim received her B.A. from Trinity University with a major in Political Science and her J.D. from Texas Tech School of Law. Kim is active in her community, having served in leadership positions with the Junior League of Arlington, Northeast Tarrant County Texas Tech Alumni Association, and with Our Friends Place in Dallas, Texas. Currently, Kim serves as a mentor with the Global Mentorship Initiative, which provides support and guidance for high performing students as they graduate from college and enter the workforce.
Kim lives in Bedford, Texas, with her husband Jeff Loy, and their beloved “dog son” Artie, a spoiled English Springer Spaniel.
What is your proudest achievement?
My proudest achievement is having the courage to switch industries after a 20 year legal career in the mortgage/real estate/ finance world. This is one of the best decisions I have made with my career. I have learned more than I ever thought possible about myself, another industry, and the legal profession. My only regret is that I did not make this leap sooner!
What is the most influential piece of advice (professional or personal) you have received?
My proudest achievement is having the courage to switch industries after a 20 year legal career in the mortgage/real estate/ finance world. This is one of the best decisions I have made with my career. I have learned more than I ever thought possible about myself, another industry, and the legal profession. My only regret is that I did not make this leap sooner!
Where do you see the legal profession in 10+ years?
The legal profession will need to further evolve and become more aligned with the business needs of their clients. This means that the profession will need to develop new efficiencies to keep pace with their corporate clients.
What is/are your favorite extracurricular activity/activities?
My favorite extracurricular activities involve traveling, hosting parties, and cooking/baking for family and friends
What is one thing people should know about you but don't?
I love going to concerts and following artists on tour. Will catch Springsteen four times this tour!
Name your hometown/where you were born/where you grew up and where you live now.
My hometown is Sherman, Texas. I currently live in Bedford, Texas.
If you were not a legal professional, what other line of work would you pursue?
If I were not a legal professional, I would become a college or high school guidance counselor. I love mentoring and helping others pursue their potential.
Published March 27, 2024.
