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LegalShield history
LegalShield company history timeline
Then in 1972 Stonecipher, still a life insurance salesman, had a serious car accident that changed his life.
In January 1976 Stonecipher incorporated Pre-Paid Legal Services and acquired its predecessor through a stock exchange.
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.
Meanwhile, Pre-Paid Legal in October 1986 changed from using NASDAQ to the American Stock Exchange.
Nolan founded Landmark Legal Plans Inc. in Denver and was profiled in Inc. in September 1988, but three months later his firm had almost completely collapsed.
In 1991 Pre-Paid Legal began offering its Law Officers Legal Plan, which provided many benefits in the Family Plan, plus 24-hour emergency telephone access to attorneys and also legal assistance for any administrative and post-termination hearings.
In 1993 it developed the School Teachers Legal Plan to help teachers facing administrative hearings.
In 1993 the company entered a marketing agreement to use the services of Roger Staubach, the former Dallas Cowboys quarterback.
A second innovation to the MLM system was the creation of the regional vice president (RVP) program in July 1996.
By 1997 the firm was offering its Family Plan in Spanish in states such as Florida, California, and Texas.
By 1997, Pre-Paid Legal had contracts with 35 law firms, ranging in size from 10 to 60 attorneys.
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LegalShield competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CIT Group | 1908 | $2.3B | 3,678 | - |
| Alliance Data | 1996 | $5.7B | 8,000 | 19 |
| Ventas | 1998 | $4.9B | 500 | 16 |
| U.S. Securities and Exchange Commission | 1934 | $370.0M | 4,301 | - |
| C.H. Robinson | 1905 | $17.7B | 15,262 | 292 |
| UPS | 1907 | $91.1B | 481,000 | 1,341 |
| Realogy | 2006 | $5.7B | 9,435 | - |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 54 |
| Hyatt Legal Plans | 1977 | $25.5M | 50 | - |
| MTM | 1995 | $410.0M | 3,000 | 339 |
LegalShield history FAQs
Zippia gives an in-depth look into the details of LegalShield, including salaries, political affiliations, employee data, and more, in order to inform job seekers about LegalShield. The employee data is based on information from people who have self-reported their past or current employments at LegalShield. 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 LegalShield. The data presented on this page does not represent the view of LegalShield and its employees or that of Zippia.
LegalShield may also be known as or be related to LegalShield and Prepaidlegal Services, Inc.,identity Theft Shield, And Gosmallbiz.