What's Happening?
Global Counsel, a consultancy firm co-founded by former British ambassador Peter Mandelson, is set to enter administration following a mass departure of clients. This move comes after revelations of Mandelson's past links to Jeffrey Epstein, a late U.S. sex offender. The firm had previously severed ties with Mandelson in September 2025, coinciding with his dismissal as Britain's ambassador to Washington. The fallout has led to significant client losses, including major companies like KKR, Barclays, and the Premier League, which have all cut ties with the firm.
Why It's Important?
The situation highlights the reputational risks associated with business and political figures linked to controversial individuals. The fallout from Epstein's connections continues to impact
various sectors, demonstrating the long-lasting effects of association with high-profile scandals. For Global Counsel, the loss of major clients and the move towards administration underscore the financial and operational challenges that can arise from reputational damage. This case also reflects broader concerns about corporate governance and the importance of ethical considerations in business relationships.
