The family Prica has been in legal profession in Serbia and the region for more than a hundred years. It all began in 1900 when Dr. Ilija Prica started his legal practice in Zagreb (at the time Austro-Hungarian Empire). His son, Dr. Bogdan Prica, continued the legal practice in Belgrade in 1925 (at the time the Kingdom of Yugoslavia), succeeded by his grand-son, Dr. Radoje Prica in 1975, who was joined in 1991 by his son, Mr. Mihajlo Prica.

Dr. Radoje Prica, LL.M (1933-2006) had a total of 41 years of professional experience. Dr. Prica studied at the Law Faculty of Belgrade University where he acquired his PhD in law. He had also acquired his LL.M. at Yale Law School, New Haven, CT, USA. Dr. Prica had a broad experience in corporate and commercial law, banking and finance, intellectual property, foreign investments, international contracts, privatization, and international arbitration. He was widely recognized among corporate world and legal professionals as the "national authority on law".

Dr. Prica gave lectures at the Law Faculty of Belgrade University on know-how agreements, company law, and foreign investments. Dr. Prica had written many articles in Yugoslav (Serbian) law journals, mainly on industrial property, foreign investments and unfair competition. He published two books in the Serbian language: "Organizational Forms of Foreign Direct Investments" in 1971 and "Know-How Agreement" in 1981.

Dr. Prica political engagement included MP position in the Federal Parliament of Yugoslavia and the leading role in the parliamentary delegation to the Council of Europe, at which time he was the key player in negotiations ending in successful accession of Yugoslavia to the Council of Europe.