 The Inn is run by Pension , its ultimate governing body . The name is peculiar to Gray 's Inn — at Lincoln 's Inn the governing body is called the Council , and at the Inner and Middle Temples it is called the Parliament . The name was used for the governing bodies of three of the Inns of Chancery — Barnard 's Inn , Clement 's Inn and New Inn . In Gray 's Inn the Readers , when they existed , were required to attend Pension meetings , and other barristers were at one point welcome to , although only the Readers would be allowed to speak . Pension at Gray 's Inn is made up of the Masters of the Bench , and the Inn as a whole is headed by the Treasurer , a senior Bencher . The Treasurer has always been elected , and since 1744 the office has rotated between individuals , with a term of one year . 
