About Pre-Paid Legal The Pre-Paid Legal Story Headquarters Board of Directors Home	Home | About Us | The Pre-Paid Legal Story | 1980 - 1979 1969 – July 11, 1969 1970 - 1979 1980-1989 – In 1980, Wilburn Smith, one of Pre-Paid Legal’s most successful Associates, quits his job at a local supermarket and joins the Pre-Paid Legal sales force. The introduction of the network marketing concept by John Hail takes hold in the ’80s and Pre-Paid Legal first initiates sales through network marketing in 1983. Pre-Paid Legal is listed on the NASDAQ National Market System in 1984, and two years later moves to the American Stock Exchange. At the end of the decade, Pre-Paid Legal “tightens the belt.” In response to operating losses in the first two quarters, the company implements major restructuring of its administrative and marketing functions. Layoffs at the Home Office result in a 46 percent decrease in personnel. The home office staff numbers 114. 1990 - 1999 2000 - Present Privacy Policy © Pre-Paid Legal Services^®, Inc.