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Hyatt Legal Plans history
Hyatt Legal Plans company history timeline
In 1982 sales reached $4 million, then Harland Stonecipher decided to take the advice of an old friend named John Hail that multilevel marketing (MLM), also known as network marketing, was a legitimate and effective way to sell goods and services.
In 1985 Christopher P. Nolan worked as a Pre-Paid Legal Services salesman, but he felt MLM was more suited for selling a tangible commodity.
By 1987 Pre-Paid Legal had recruited over 200,000 sales associates, who were independent contractors, like distributors in other MLM firms.
Of course, Pre-Paid Legal continued to honor the open plans signed before 1987, but those declined as time passed.
The National Resource Center for Consumers of Legal Services estimated that in 1987 about 30 million Americans were enrolled in a prepaid legal plan.
In 1993 the company entered a marketing agreement to use the services of Roger Staubach, the former Dallas Cowboys quarterback.
Beginning March 1, 1995, it introduced a level commission schedule where commissions of about 25 percent were paid during each year customers paid their premiums.
The firm's Small Business Legal Plan was first developed and marketed in 1995.
In its 1996 annual report, Pre-Paid Legal stated it had "mixed success with cooperative marketing arrangements in the past and is unable to predict with certainty what success it will achieve, if any, under its current cooperative marketing arrangements.
Third, Pre-Paid Legal began on January 4, 1997 a one-day classroom and field training program for sales associates.
Salomon Brothers emphasized, "Network marketing is Not a Pyramid Scheme," in its report on Pre-Paid Legal on May 29, 1997.
By 1997 the firm was offering its Family Plan in Spanish in states such as Florida, California, and Texas.
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Hyatt Legal Plans competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| McDermott Will & Emery | 1934 | $1.1B | 2,300 | 155 |
| Fox Rothschild | 1907 | $230.0M | 843 | 434 |
| Haynes and Boone | 1970 | $408.0M | 550 | 24 |
| Quarles & Brady | 1892 | $194.0M | 6 | - |
| Boies Schiller Flexner | 1997 | $48.0M | 168 | - |
| Kasowitz | 1993 | $71.5M | 200 | - |
| Legal Services of the Hudson Valley | 1967 | $50.0M | 50 | 12 |
| Legal Aid NW Texas | 1951 | $24,999 | 60 | - |
| Labaton Sucharow | 1963 | $27.6M | 100 | - |
| Children's Law Center | 1996 | $9.9M | 79 | 12 |
Hyatt Legal Plans history FAQs
Zippia gives an in-depth look into the details of Hyatt Legal Plans, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hyatt Legal Plans. The employee data is based on information from people who have self-reported their past or current employments at Hyatt Legal Plans. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hyatt Legal Plans. The data presented on this page does not represent the view of Hyatt Legal Plans and its employees or that of Zippia.
Hyatt Legal Plans may also be known as or be related to Hyatt Legal Plans, Hyatt Legal Plans Inc and Hyatt Legal Plans, Inc.