Legal Solutions Group and Xchanging have engaged in a strategic partnership to provide an integrated service to the London Market.
This will include online expert instruction, e-billing, automated invoice validation, budget management, fee agreement and settlement together with comprehensive data reporting and delivery of critical management information.
“As a key partner to Lloyd’s and the London market, Xchanging has the relationships in place to help bring this enhanced benefit to the wider market and we are delighted to be partnering with them on this initiative,” said Gary R Markham, chief executive officer of Legal Solutions Group.
Rob Myers, director business processing services at Xchanging, said that the opportunity to further develop this product meant that Xchanging could now offer an extremely comprehensive service to Lloyd’s syndicates and London companies in terms of expert management and fee collection.
“This deal reinforces Xchanging’s commitment to continuous improvement and innovation of services supplied to our insurance customers, enabling them to reduce their expert spend and manage fees more efficiently,” he said.
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Legal Solutions Group, Xchanging, London Market