Cryptic crossword clue
Pair spoke at length and divided fairly 8

The most common and most likely answer to this crossword clue is the 8 letter word PRORATED

P
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O
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A
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The straight part
We know that "divided fairly" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case divided fairly = prorated.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does PRORATED mean?

PRORATED verb
  1. To divide proportionately, especially by day; to divide pro rata.

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