Livery Companies are trade associations based in the City of London. They originally developed as guilds. They were responsible for the regulation of their trades, controlling, for instance, wages and labour conditions.
At present, some Livery Companies continue to have a regulatory role. For instance, the Scriveners' Company regulates and oversees Notaries Public of the City of London. Other companies, where the profession has become obsolete, exist as charitable foundations. Still others, such as the Longbow Stringmakers' Company and the Hatbandmakers' Company, have become inoperative. Some recently founded groups such as the Information Technologists have been charitable in nature for the whole of their existence.
Livery Companies are governed by a Master (known in some Companies as the Prime Warden), a number of Wardens (who may be known as the Upper, Middle, Lower, or Renter Wardens), and a Court of Assistants, which elects the Master and Wardens. The chief executive officer of the Company is known as the Clerk.
Members generally falls into two categories: freemen and liverymen. One may become a freeman, or acquire the "Freedom of the Company", upon fulfilling the Company's criteria; traditionally, one may be admitted by "patrimony" if either parent was a liverymen of the company, by "servitude" if one has served as an apprentice in the trade for the requisite number of years, or by purchase. (The Company may also vote to admit individuals as honorary freemen.) Freemen generally advance to becoming liverymen by a vote of the Court of the Company. Only liverymen may take part in the election of the Lord Mayor of London.
There are currently one hundred and four Livery Companies in the City of London. In 1515, after years of dispute, an order of precedence was settled for the Livery Companies of the time based on the Companies' economic or political power.
The Merchant Taylors and Skinners dispute their precedence, and so annually alternate between sixth and seventh place, the change occurring each Easter. This gives rise to the phrase "at sixes and sevens".