Goodlawyer is an online marketplace that offers microlaw services. She is based in Calgary, Alberta. LegalShield (formerly known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American company that sells legal services products directly to consumers through employer groups and through multi-level marketing[9] in the United States and Canada. It was available in the UK from 2019[10] to 2021. [11] On Monday, Pre-Paid said a special committee of independent directors of the prepaid board of directors of Berenson & Co. and the law firm Mayer Brown LLP was being notified. Macquarie Capital acted as financial advisor to MidOcean Partners and Kirkland & Ellis LLP acted as legal advisor. Legal.io is a technology company that provides market solutions to legal organizations and legal networks to match clients with lawyers, legal knowledge and services. LegalShield develops and markets prepaid legal service plans through a network of more than 6,900 independent lawyers in the United States and Canada. The other party to the crash was cited for misconduct, but nonetheless filed a lawsuit against Stonecipher for the accident. Although he has health, life and auto insurance, he had to hire a lawyer to defend himself in court and struggled to pay legal fees.

[16] After researching the European legal protection plan industry, he founded the Sportsman`s Motor Club to reimburse members for legal fees related to motor vehicle accidents. [16] [12] Upon completion of the transaction, Pre-paid will become a private company and its common stock will no longer be traded on the New York Stock Exchange. On Monday, prepaid shares closed at $65.84, up $5.58. The association changed its name and was founded as Pre-Paid Legal Services, Inc. in 1976,[17] becoming the first company in the United States to offer prepaid legal plans for individuals. [16] Initially, members could choose their own lawyer and request reimbursement of prepaid payments, but in the 1980s the society referred members who needed legal help to pre-screened companies. [16] In 2001, a press release from the Wyoming Attorney General announced: “When we discovered that prepaid persons were using prohibited revenue representations to promote their multi-level marketing program, we warned them that the representations were prohibited by Wyoming law.” Pre-Paid denied breaking the law, but agreed to adjust its marketing message and pay $7,000, including $2,000 to participants who claimed the company had misled them. [33] [34] In the same year, the U.S. Securities and Exchange Commission (SEC) required that advance payments no longer count commissions paid to sales representatives as assets rather than expenses, reducing reported profits by more than half. [14] As a result, Pre-paid amended its reports and presented its 2000 accounts in February 2002. The financial statements showed a huge decline in earnings (from $43.6 million to $20.5 million) and equity (from $147 million to $42 million). [35] However, later that year, the Denver Business Journal reported that Prepaid made a profit of $27.1 million on revenue of $303.7 million, a sharp increase from its profit of $1.9 million on revenue of $129.6 million in 1997.

and its members had access to a network of 46 firms with 1,270 lawyers. [36] ADA – Pre-Paid Legal Services, which is listed on the New York Stock Exchange under the symbol PPD, said on Monday that it had agreed to be bought for about $650 million by MidOcean Partners, a New York-based private equity firm. Last October, prepayment officials announced they were considering an offer from a “well-known private equity firm” to buy the company. But that offer — to buy all of the company`s common stock for $60 per share — was withdrawn in November. At this point, Smith indicated that the holding company may still be willing to negotiate a merger of the company. Axiom is a provider of property and casualty insurance software for property and casualty insurance. It provides technology-based legal, contractual and compliance solutions for large enterprises. The company was founded in 2000 and is based in New York, New York.

In May 2022, Axiom was acquired by Cogitate. In filings filed with the Securities Exchange Commission, Smith said it has signed an agreement with Cerberus Capital Management LP in which it agrees not to solicit further offers or negotiate with other candidates for the legal services firm. The agreement also included Scott J. Vassalluzzo, general partner of Idoya Partners LP and Prescott Associates LP, and investor Steven M. Fischer. In January 2011, Pre-Paid Legal agreed to merge with companies founded by MidOcean Partners, a New York-based private equity firm that describes itself as “middle market focused.” [26] The transaction closed on June 30, 2011 and the company was again privately owned. [27] Since July 2011, Rip Mason has been CEO of LegalShield. 10. In September 2011, the company announced that it would change its name to LegalShield as part of a major rebranding initiative. [28] Please note that this policy may change as the SEC manages SEC.gov to ensure that the site operates efficiently and remains accessible to all users. You are more than your last financing, tell our customers the story of your company.

In 2007, the FTC began investigating the prepaid marketing of the identity theft service and the Affirmative Defense Response System (ADRS), which the company had developed to increase the company`s revenue. [ref. needed] Pre-Paid changed its marketing materials in 2009 after regulators deemed the company`s claims about ADRS misleading. [40] According to an SEC filing, the FTC and Pre-Paid “reached an out-of-court solution,” and in 2010 the agency ended its three-year investigation without action. Tagged with: Harland Stonecipher Mr. Scott Carter MidOcean Partners Prepaid Legal Services was the largest donor to the 2008 re-election campaign for Utah Attorney General Mark Shurtleff, who championed the operation of multi-level marketing companies in the state. [41] LegalShield`s valuation was $650 million in February 2011. Claim your profile to present yourself in front of buyers, investors and analysts. In 2000, Pre-Paid Legal was criticized by the CBC market for acting as a multi-layered marketing model and encouraging sales representatives to purchase training materials. [25] Pre-Paid Legal went public in 1984. [18] Pre-paid was first listed on the NASDAQ and then transferred to the American Stock Exchange in 1986,[19][20] followed by the New York Stock Exchange in 1999, where it was listed as “PPD”. [15] [21] [22] In 1998, Pre-Paid acquired The People`s Network, a Dallas-based marketing company.

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