Quick release socket

A socket for use with an anvil of a rotary power tool includes a socket body with a driven end and a working end. The socket also includes a locking element adapted to engage a locking recess in the anvil. The locking element is positioned within a slot in the socket body and movable between a lock position and a release position. A locking sleeve surrounding the driven end of the socket body is also included. The locking sleeve is movable between a lock position and a release position. An engagement ring is included on the locking sleeve and is adapted to engage the locking element preventing radially outward motion of the locking element when in the lock position. The socket also includes a first spring adapted to bias the locking element toward the lock position, and a second spring adapted to bias the locking sleeve toward the lock position.