Our law firm also provides an advocacy escrow. Advocacy escrow is a specific institution similar to notary or bank escrow, however, the conditions for its establishment and duration are regulated by an agreement between the lawyer and the client as the party depositing the case.

Advocacy escrow is used in practice especially for the safekeeping of larger sums of money, e.g. for the purpose of securing the payment of the purchase price in the case of transfers of ownership rights to real estate, when the release of money from attorney’s safekeeping can be tied to the submission of the original title deed to the lawyer. In this case, it is an increase in legal protection for both the seller and the buyer, as the deposited money is properly guarded by a trusted person insured against damages, and at the same time the lawyer is not entitled to release the deposited money to the seller without fulfilling the pre-agreed conditions.

In addition to money, other movables (e.g. securities, deeds, etc.) may also be the object of advocacy escrow.

A lawyer is legally obliged to be insured in case of causing damage to a client by the performance of the lawyer’s activity. Our law firm is insured for damage incurred in the course of the practice of law up to the amount of EUR 1.500.000,-.

Advocacy escrow provided by our law firm is cheaper compared to notary escrow and we can flexibly adapt it to the client’s needs.