High Quality Content by WIKIPEDIA articles! LegalShield is a privately held corporation that offers specialized legal service products in the United States and Canada. The original company, Pre-Paid Legal Services, Inc., was founded on August 8, 1972, and made its initial public offering in 1984. Pre-Paid Legal Services, Inc. was a member of the S P 600 SmallCap index and the S P 1500 Super Comp index, prior to being acquired by Mid Ocean Partners. The company`s name changed to LegalShield after the acquisition.