Is it possible to globally change default timeout for all web service call?

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I know we can  one by one configure timeout of  each web/rest service. we don’t want  default 300 second,  and not willing to configure timeout one by one, Is there anyway to  globally change the default timeout for all web service all?
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I don't think there is a global setting for this, at least not that i am aware of.

You could create a settings object with the integer value in it. Then you can retrieve this object and put the attribute value in all the time-outs. That way if you would like to change the number you won't have to go through all the call web/rest activities.

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