Leatherman knives are another way that they (Leatherman) have tried to secure their niche in the market today. Everyone has a pocket knife, but not everyone has one that is loaded with all kinds of Leatherman extras. My first Leatherman knife was the h502, it's a great knife that's constructed well and Leatherman was spot on with the features. The problems I have with the h502 are the size and the lack of a pocket clip. Now granted; this knife is way too big for a pocket knife and a clip would just get in the way. I still wanted all of those cool features in a package that would fit not only in my pocket but fit my needs as well.
Having done so many different things with their tool line, Leatherman decided a few years ago to get into pocket knives. However, being Leatherman, they had to do it their own way, and look at knives with tools added, rather than their more typical method of making tools with knife blades on them. The top dog in this particular line was the now discontinued h502.
Recently the knife and tool industry has been leaning more and more towards rescue oriented tools such as Benchmade's ERT-1/Houdini tools, the Victorinox Rescue Tool and more traditional offerings like NOV8's ResQMe tool. Jumping on the bandwagon is traditional US knifemaker Utica/Kutmaster with their latest rescue tools.