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Global Counsel Enters Administration Amid Epstein Fallout

2/19/2026

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Summary

Story summary

Global Counsel, the consultancy co-founded by Lord Peter Mandelson, is to enter administration after client departures tied to Mandelson's past relationship with Jeffrey Epstein.
Barclays and Tesco severed ties, citing reputational damage.
Staff were told the "Peter Mandelson legacy" has negatively impacted the firm.
Global Counsel will appoint administrators.
About 100 employees across multiple cities face layoffs.

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Story summary

Global Counsel, the consultancy co-founded by Lord Peter Mandelson, is to enter administration after client departures tied to Mandelson's past relationship with Jeffrey Epstein.
Barclays and Tesco severed ties, citing reputational damage.
Staff were told the "Peter Mandelson legacy" has negatively impacted the firm.
Global Counsel will appoint administrators.
About 100 employees across multiple cities face layoffs.