“The Bar Council of England and Wales, has launched a model for new business structures for the Bar, dubbed ‘ProcureCo’. This follows historic rule changes made by the Bar’s independent regulatory arm, the Bar Standards Board (BSB), which gave barristers the ability to provide their services in different ways and to structure themselves in ways which had previously been prohibited.”
The Bar Council, 26th April 2010
Source: www.barcouncil.org.uk