LegalShield
| Formerly |
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|---|---|
| Company type | Private |
| Industry | Legal services |
| Founded | 1972 |
| Founder | Harland Stonecipher |
| Headquarters | , U.S. |
Areas served |
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Key people | |
| Products |
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| Services |
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| Revenue | est. $400 million (2014) |
| Owner | MidOcean Partners Stone Point Capital Further Global |
Number of employees | 700 (2014) |
| Website | legalshield |
LegalShield (previously known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American corporation that sells legal service products direct to consumer through employer groups and through multi-level marketing in the United States, and Canada. It was available in the United Kingdom from 2019 to 2021. According to LegalShield's income disclosure regarding associates selling the product: "For Associates with 0-2 years of experience who made at least one sale, average annual earnings were $798 for 2019. Approximately 73% of all Associates across experience years made less than $1,000 in 2019."
The company was founded in 1972, as the Sportsman's Motor Club. In 1976, it was incorporated as Pre-Paid Legal Services, Inc., and made its initial public offering in 1984.
In 2011, Pre-Paid Legal went from being traded on the New York Stock Exchange back to being a private company when it was acquired by MidOcean Partners and subsequently changed its name to LegalShield.