"Sources close to the company insist that its difficulties stem entirely from "the Mandelson legacy" and not from any actions by staff. Global Counsel was set up by Lord Mandelson and Wegg-Prosser after Labour lost the 2010 general election. It became a highly influential lobbying firm in Westminster, advising high-profile clients such as Shell, Tik Tok and Barclays. The company employs more than 100 people and has offices in Berlin, Brussels, Singapore, Washington DC and Doha."
"However, its future was thrown into question following the publication of documents from the Epstein files, which cast light on Lord Mandelson's links with the disgraced financier. The documents also contained mentions of a meeting between Wegg-Prosser and Epstein in 2010, two years after the latter's conviction for soliciting prostitution and soliciting a minor. Epstein died in New York in 2019, while awaiting trial on sex trafficking charges."
Global Counsel is preparing to enter administration after leading clients severed relationships when details emerged of links with convicted sex offender Jeffrey Epstein. Lord Mandelson resigned from the board in 2024 and remained a shareholder until earlier this month; co-founder Benjamin Wegg-Prosser stepped down as chief executive on 6 February. Sources say the company's difficulties stem from the Mandelson legacy and not from staff actions. Founded after Labour's 2010 election loss, the firm advised major clients, employed over 100 people and had international offices, but the Epstein files cast doubt on its future.
Read at www.bbc.com
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