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I am surprised that no one has set up a National Arbitration Service to deal with claims at fees that undercut HMCTS. I have not got the time, or inclination, to carry out a financial analysis to see how well the scheme would work, but it is not that long ago the County Courts ran at a surplus, so there does appear to be something in it.
Of course it might all prove to be a financial disaster, but that should not stop a venture capitalist from jumping in.

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