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Charissee Thomas | charisseejones

Who Is LegalShield?

Apr 7th 2013 at 3:10 PM

Legal Shield was founded in 1972 by Harlan Stonecipher, at that time was called Sportsman's motor club. In 1976 it incorporated and became to be named Pre-paid Legal Services, Inc. and in 1984 they began selling stocks to the public on the American exchange. And finally in 2011 was acquired by MidOcean Partners for a whopping 650 million dollars and changed the name to Legal Shield. They have also vowed to take Legal Shield to the next level.

MidOcean Partners owns companies Such as Jenny Craig, LA fitness (Europe), Prestige brands, Sbarro, Totes-Isotoner to name a few. Although they acquired Pre-paid legal for 650 million, they are still putting money into Legal Shield to position Legal Shield above all competitors.

Legal Shield markets pre-paid legal service plans through a network of 50 independent provider law firms throughout the US and Canada. In some states and a Province in Canada to be able to market Legal Shield you have to be licensed. Legal Shield legal service plans are considered an insurance product in some states which is why licensing is required in some states and provinces.

Legal Shield also has an identity theft protection plan with restoration, so there are 4 pieces that encompass Legal Shield. The components are Identity theft protection and restoration, 24/7 emergency access to your provider law firm, the legal service plan and safe guard for minors. The foundation is the legal service plan, all the other components are optional but recommended.
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