Legal Shield Revenue

 

By 1982, the company’s sales had reach $4 million in annual revenue. After switching over to the multilevel marketing business model in 1984, annual revenue increased to $8 million. In 1986 the company’s yearly sales had reached $43 million but began experiencing financial trouble and accumulated debt of $23 million over the next eight years. Currently, the company is reporting $461 million in annual revenues.


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Legal Shield

Marketer of prepaid legal and insurance products.
Industry:  Legal
Website:  http://www.legalshield.com

Headquarters:  
One Pre-Paid Way
Ada, OK 74820
United States
Phone: 580-436-1234

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About Legal Shield

Legal Shield is a multilevel marketing company that specializes in the sales of insurance and legal services. It was founded in August of 1972 by Harland C. Stonecipher after he was involved in an accident and sued by the other party. At its inception the company was called The Sportsman’s Motor Club and provided reimbursement of legal expenses to members as a car club service. The company was incorporated in 1976 as Prepaid Legal Services and went public on NASDAQ in 1984.

Legal Shield Services

The Legal Shield product line consists of prepaid legal plans for individuals, families and companies. They also sell identity theft protection services, and a virtual file cabinet designed to help small companies develop paperless HR departments. Not all plans are available in all areas.

The company markets their legal plans as the "HMOs of the judicial system."   

Legal Shield Plans – Standard Family Plan
Members receive unlimited phone consultations with their appointed law firm, an unlimited number of contract and document reviews, and have one free Will drawn up for the primary member. Members can also have their attorney send letters or make a phone call on their behalf to address a troublesome issue.  Legal services include representation for minor offenses like traffic tickets, and major offenses like manslaughter or vehicular homicide. Members also receive a set number of hours for trial defense per year. The company also provides audit defense, whereby members receive up to 50 hours of legal help should they ever receive notice of an Audit from the IRS.

Legal Shield Plans – Expanded Family Plan
This plan provides the same services as the Standard Family Plan, except members receive 75 hours of trial defense time the first year with 65 hours added per each year the plan is renewed.

Prepaid Legal Plans – Business Plans
These plans focus on providing services to small businesses with 99 employees or less. Members are provided with unlimited phone consultations for advice on basic legal matters such as verbal contracts and small claims. For more involved legal issues like securities and patents, members get two consultations per year. The Provider Law Firm will also write one legal letter per subject per year.  Additional services include basic review of three contracts per year, one executed contract per month, up to three business documents review and ten debt collection letters (each must be separate matters). Businesses are entitled to 75 hours of trial defense and additional legal services not covered are available at 25% of the lawyer’s normal hourly rate.  A membership to GoSmallBiz.com is also included, which entitles members to consultations with small business experts about matters such as tax deductions, web promotion, time management, accounting and finance options.

Identity Theft Shield
This is an identity protection product that provides members with a credit report, credit monitoring and assistance with restoring identity should a theft occur. This product is marketed as an easy way to prevent identify theft and to get help with fixing the issues that arise from it.

Safeguard For Minors
This identity protection plan is aimed at preventing children’s identity theft. Members receive training materials covering protecting children from having their identity used by family members, safeguarding personal information,  and reestablishing a child’s identity if it has been stolen and used.  The plan also provides credit monitoring, assistance with locking down a child’s credit profile as well as searching for fraudulent use, and identity restoration in the event of identity theft.

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President Alan Fearnley announced today that Legal Shield has replaced Prepaid Legal Services, Inc. as the name of the company.

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How I Beat Tiger Woods

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April 7th, 2011 | Author: Ted Harbin

ADA, Okla. – No matter where he’s been all over the world, Cord McCoy’s thoughts return to his home.

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Take a look at the flyer below to get information regarding the latest PPL Membership and Retention Promotion.  

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How My Pre-Paid Legal Membership Helped Me

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Face to Face or Internet Marketing

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 VOTES

What is the best way to market your Pre-Paid Legal Business?

That is the question. 

Face to face or Internet Marketing.

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President Alan Fearnley announced today that Legal Shield has replaced Prepaid Legal Services, Inc. as the name of the company.

Login or register to post comments  |  Views Views: 1,576  

1
 VOTES

April 7th, 2011 | Author: Ted Harbin

ADA, Okla. – No matter where he’s been all over the world, Cord McCoy’s thoughts return to his home.

Login or register to post comments  |  Views Views: 633  

1
 VOTES

Take a look at the flyer below to get information regarding the latest PPL Membership and Retention Promotion.  

Login or register to post comments  |  Views Views: 513  

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I'm sure you agree that times are tough these days and the traditional ways of earning an income just aren't reliable anymore.

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Top 5 Legal Issues of PPL Members

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During the first half of 2010, Real Estate issues topped the list of legal service requests by Pre-Paid Legal's members.  Rounding out the top 5 were Finance, Family Law, Collections, and Esta

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If you were too injured or too ill to

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It’s a sad, but true, fact that 97% or more of people who join a network marketing company, or other home-based business opportunity, eventually quit.

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Access to my lawyer for any question at no hourly cost?....Unbelievable!! by Chris Huggans

I am a product of the product.  I pay less than $28 per month to have a lawyer answer any question that I may have for them.  Any time I have had a traffic problem, they have represented

Prepaid Legal Review: An Accident Waiting To Happen by Kenny Perkins

Is life fair?  Do you always see what is around the next corner?  When you ask or pray for something do you always get the answer you are looking for?  A few simple questions with

Freedom Is Having A Legal Plan by kelly howard

I don't need and attorney!  A common statement, also a common mistake.   In others words, if some unlawful injustice is not taking place.

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Access to my lawyer for any question at no hourly cost?....Unbelievable!! by Chris Huggans

I am a product of the product.  I pay less than $28 per month to have a lawyer answer any question that I may have for them.  Any time I have had a traffic problem, they have represented

Prepaid Legal Review: An Accident Waiting To Happen by Kenny Perkins

Is life fair?  Do you always see what is around the next corner?  When you ask or pray for something do you always get the answer you are looking for?  A few simple questions with

Freedom Is Having A Legal Plan by kelly howard

I don't need and attorney!  A common statement, also a common mistake.   In others words, if some unlawful injustice is not taking place.

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Legal Shield Headquarters:  Ada, Oklahoma
United States

Legal Shield Last Updated: Mar 26, 2012, 9:36am