Disclosed herein is a folding tool having a handle, a tool element and a ball bearing assembly. In some embodiments of the present disclosure, the handle of the folding tool includes a first, second side panel and a first, second side panel liner wherein the ball bearing assembly is positioned between the first side panel liner and the second side panel liner. The ball bearing assembly includes a first bearing race and a second bearing race each race having a ball housing. A plurality of balls reside partially within each ball housing and are positioned to contact an adjacent side surface of the tang of the tool element thereby allowing the plurality of balls to roll along opposing sides of the tang as the tool element is pivoted from the open position to the closed position. In some embodiments, the tool element is a knife blade.