It offers a variety of legal and identity theft protection services for families, individuals, and small businesses. The company was founded as a result of a vehicle accident that Harland Stonecipher was involved in. He had health insurance for his hospital bills, car insurance to cover his vehicle damage, but what he was most unprepared for were the legal bills that he soon incurred. He discovered that although the United States’ legal system provides “justice for all”, that justice comes at a steep price tag and is often available only in proportion to the amount of money an individual can afford to pay for it. As a result of this experience Mr. Stonecipher began to examine ways to provide the average American household with access to the top law firms at an affordable price and thus Legal Shield was born. The company quickly grew and was so successful it was eventually invited to offer its stock on the New York Stock Exchange. Operating under the name Pre-Paid Legal Services, Inc. and ticker symbol PPD the company was one of the New York Stock Exchange’s top performing stocks for many years until the company was purchased by Midocean partners and is now privately held. The decision to re-brand the company and change its name was announced at the company’s convention in Dallas, TX (September 10,2011). Legal Shield currently provides its services in all 50 United States and in 4 Canadian provinces.
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