PPLSI

About

The journey of LegalShield began not in a boardroom, but from a moment of personal crisis. In 1969, founder Harland Stonecipher, a life insurance salesman from Ada, Oklahoma, found himself in a car accident. Despite not being at fault, he was sued, and the ensuing legal battle left him with crippling attorney fees that his existing insurance policies didn't cover. This frustrating and expensive experience sparked a revolutionary idea: what if everyone could have affordable access to legal protection, much like they have for medical or auto needs? This question became the foundation of his life's work. In 1972, Stonecipher established the Sportsman's Motor Club, the initial iteration of his vision. The concept was simple yet powerful – a subscription-based service for legal matters related to vehicle accidents. This fledgling motor club was formally incorporated in 1976 as Pre-Paid Legal Services, Inc., pioneering the concept of pre-paid legal plans for individuals in the United States. The company grew steadily, evolving its model from a reimbursement system to a curated network of dedicated provider law firms, ensuring quality and consistency for its members. The company's growth trajectory was marked by significant milestones, including going public in 1984 and eventually being listed on the New York Stock Exchange in 1999. In 2011, the company was acquired by MidOcean Partners, taken private, and rebranded as LegalShield, a name that more accurately reflected its core mission of protecting individuals, families, and businesses. Today, LegalShield stands as a testament to Stonecipher's original vision, serving millions of members across North America. It has expanded its offerings to include IDShield, a comprehensive identity theft protection and reputation management service, continuing its legacy of empowering people by making justice and security accessible to all, not just the highest bidder.