Sedgwick acquires legal spend management business from Bottomline

Sedgwick has agreed to acquire Bottomline’s Legal Spend Management (LSM) division, which provides cloud-based legal bill review and expense management solutions for the property and casualty (P&C) insurance industry. The deal, subject to regulatory approval, will see Sedgwick operate LSM as a separate division.

The acquisition includes Legal-X and Legal eXchange platforms, enhancing Sedgwick’s ability to help clients control litigation costs. Sedgwick plans to integrate third-party legal bill review expertise into its casualty services, streamlining e-billing, case management, reporting, and vendor oversight.

Approximately 300 LSM employees will transition to Sedgwick to maintain service continuity.