The costs of legal services can be outrageous, especially in today’s world. But, there are times when an attorney is required. It is never wise to try and be your own lawyer. There just aren’t enough YouTube videos or online education to help you weave through the maze of the complex legal system.
Legal Shield was founded on the idea of providing people with law representatives at an affordable price. According to the company’s website:
“Finally, you can live life knowing you have a lawyer in your back pocket who, at the same time, isn’t emptying it.”
But, is it legit? Is this company on the up and up or is it a scam? You will have to answer that question yourself. But, I’m going to share a lot of “good to know” information below so you can make up your own mind.
Top 15 Legal Shield Facts
# 1: Founded In 1972
Back in 1969, Harland Stonecipher was in an auto accident that was not his fault. But the other party decided to sue him anyway. The costs involved in hiring an attorney put him in bad shape financially. Even though he won the case, he lost because of the legal costs.
Harland began researching and using the insurance approach, he came up with an idea that people could pay monthly to have legal coverage. So Harland founded the company in 1972.
# 2: 3 Names
When founded, the name of the company was Sportsman’s Motor Club. In 1976, the name was changed to Pre-Paid Legal Services, Inc. In 2011, the company was re-branded to its current name, Legal Shield.
# 3: 2 Plans
The company has two plans available:
- Personal Plan – Starts at $24.95 per month
- Small Business Plan – Starts at $39 per month
If you’ve ever had to hire a lawyer before, you know these plans are priced fairly. Even if you paid their fees monthly for a year, and only used them one time, it could be substantially cheaper than your other options.
# 4: Regulated
The company is regulated by the Federal Trade Commission (FTC) and is also answerable to some State Insurance regulators.
# 5: Public And Back To Private
As Pre-Paid Legal, the company went public and was listed on the stock exchange. MidOcean Partners acquired the company and made it private plus changed the name to Legal Shield.
# 6: Wills
One of the primary services many people take advantage of is the ability to have wills made for each member of your family.
# 7: Headquarters
The corporate office is headquartered in Ada, Oklahoma.
# 8: Only United States And Canada
Legal Shield only operates in the United States and Canada. Some services have regulations in States so representatives need to know the rules of each location.
# 9: Primary Legal Services Provided
Certain legal measures will carry extra costs depending on circumstances. But Legal Shield does cover:
- Unlimited questions about legal issues.
- Speeding tickets are handled by provider law firms.
- Preparation of wills for members and their spouse.
- Free legal forms.
- Emergency legal advice 24/7.
# 10: Identity Theft
It is one of the biggest criminal problems in this era… Identity Theft. As part of their services, the company partnered with Kroll, Inc. to provide identity theft monitoring and restoration.
# 11: Lawyers Average 20 Years Experience
When you average out all the attorneys that work with Legal Shield provider law firms, they average 20-years of law experience.
# 12: 34,000 Companies
For many companies, Legal Shield is offered to employees as part of their benefits. Last count was around 34,000 companies.
# 13: For Legalities Not Covered
If you have a legal issue that is not covered by your plan, your provider law firm will help at charges that are approximately 25% lower than normal hourly rates.
# 14: Company Leadership
Legal Shield is led by some highly competent leaders. They include:
- Jeff Bell – Chief Executive Officer
- James Rosseau – Chief Commercial Officer
- Darnell Self – Executive Vice President of Network & Business Development
- Kathy Pinson – Chief Operating Officer
- Steve Williamson – Chief Financial Officer
- Jack Goldenberg – Chief Technology Officer & Executive Vice President
- Glenn Peterson – President of LegalShield Business Solutions
- John Long – President Network Marketing & Sales
- Dave Coffey – Sr. Vice President, Chief Digital Officer
- Keri Norris – Sr. Vice President of Regulatory Compliance & Chief Legal Officer
# 15: Reviews
Chuck here. Although Greg originally wrote this post, I wanted to chime in with my two cents. I have been a customer (not a rep) with Legal Shield for about two years (as of Jan 2020). I am MORE THAN satisfied with the service provided. I’ve had our wills, living wills, power of attorney and other legal documents drawn up via Legal Shield. The customer service from the law firm we worked with was superior. They treated us well, communicated well, and completed our documents very quickly. I pay about $25 per month, last time I checked, for this service, and I am glad to have it. It gives me peace of mind knowing that I can get quick legal advice whenever I need it. It’s definitely NOT a scam.
Disclaimer: I am not compensated from Legal Shield in any way for writing this post or sharing my opinion.
I would love to hear from any of you who have used Legal Shield before. If you have comments or questions, you can post them below.
I just wanted to add that the company does have a BBB rating of A+. They are not a scam, as they would not have been in business as long as they have. Please give us your thoughts below. Thank you. You can visit the official company website here.