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Halifax Bank of Scotland (HBOS) is to review its list of legal advisers and is expected to set up a formal panel next year. A decision will be taken at the end of the month concerning the formal review terms. Linklaters and Herbert Smith, which advised Halifax and Bank of Scotland respectively on the merger, have continued to advise HBOS. Other firms with previous relationships include Denton Wilde Sapte, Lovells, Macfarlanes, Taylor Joynson Garrett, Travers Smith Braithwaite and Burges Salmon.