The teams were split into two pools of three teams each. The winners of the two pools moved on to compete in the overall final, while the two runners-up competed for the Plate, and the two bottom-placed teams contested the Bowl. All of the finals were played on 2 June 2007 at Twickenham.
2007 was the first occasion where the competition was played outside of North America. This was because many players were to be in Europe ahead of the Rugby World Cup.