I use magnetic beads (Dynabeads,Dynal) for a variety of purposes
including isolation of cells and immunoprecipitation of proteins.
The use of Dynabeads is expensive, however, especially the
immunpresipitation protocol is much faster than other protocolls.
Since you do not mention your particular interest, I suggest you contact
the company to ask for details.
Hope this was som kind of help
Inger