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12:59 the suggestion is that the parties agree the issue fee to save themselves some cash.

The point is that the issue fee reflects the true value of the claim. If a claim is worth £200k it costs £10k for the claim to be issued. There is no getting around this at all as it is the amount you HAVE to pay.

It is of course open to defendant's to waive any right to bring a limitation defence that they may have, but in essence if you have to issue you have to pay the right amount.

Personally I'd much rather that the fee reflected the task. If it takes an hour to issue a single claim (unlikely in the vast majority of cases) then that justifies £150 at most.