Sedgwick is to acquire Bottomline's legal spend management (LSM) division. The division services the P&C insurance industry, carriers, TPAs, self-insured entities, and corporate legal departments with cloud-based software applications and complementary legal bill review solutions. It has around 300 employees.

LSM's assets include its Legal-X and Legal eXchange web platforms.

Sedgwick plans to operate the LSM business as a separate division.

The acqiisition adds end-to-end legal bill review software to Sedgwick's offerings.