LegalShield
American multi-level marketing company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about LegalShield?
Summarize this article for a 10 year old
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[9] in the United States, and Canada. It was available in the United Kingdom from 2019[10] to 2021.[11] 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."[12]
Formerly |
|
---|---|
Company type | Private |
Industry | Legal services |
Founded | 1972; 52 years ago (1972) |
Founder | Harland Stonecipher |
Headquarters | , U.S. |
Areas served |
|
Key people | |
Products |
|
Services |
|
Revenue | est. $400 million[1] (2014) |
Owner | MidOcean Partners Stone Point Capital[4] Further Global[5][6][7] |
Number of employees | 700[8] (2014) |
Website | legalshield |
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.