THE PRODUCT
It Started by Accident


Pre-Paid Legal Services®, Inc. was formed by Harland C. Stonecipher in 1972 shortly after he had a costly brush with lawyers stemming from a head-on automobile accident. Although he wasn't at fault, his legal bills accumulated rapidly. He had auto insurance, medical insurance and life insurance. The only type of protection he didn't have was for legal services.

This experience was the driving force behind Mr. Stonecipher's decision to start Pre-Paid Legal. He began the Company with a vision to make legal protection available to Americans for a low cost. For over 25 years, he has watched that vision become a reality.

 

In 1979, Pre-Paid Legal filed with the Securities and Exchange Commission and its securities became available to the public. The Company's stock was traded on the Over The Counter Market until March, 1984 at which time the Company obtained a listing on the NASDAQ National Market System. In October, 1986, Pre-Paid Legal Services stock moved to the American Stock Exchange. In 1998, Pre-Paid Legal was recognized as the fastest growing stock on the American Stock Exchange by Equities Magazine. In May of 1999, Pre-Paid Legal moved to the New York Stock Exchange. Just a few months after the move, Equities magazine named Pre-Paid Legal as the 33rd fastest growing stock on the New York Stock Exchange. 1998 and 1999 Equities statistics were based on earnings growth.

Pre-Paid Legal is a pioneer in the legal expense plan industry in the United States. The Company has benefited from years of developing and administering legal plans. In this ever-evolving industry, Pre-Paid Legal's goal is to continue quietly working to give you the only legal expense plan you need--and the exceptional service you deserve.

All of these factors point to the rich history of Pre-Paid Legal and constitute a strong foundation for a successful future.

 

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