"Global Counsel, the lobbying firm founded in 2010 by Peter Mandelson, has entered administration following a wave of client departures linked to renewed controversy surrounding the Epstein scandal. Although Lord Mandelson stepped down from the firm's board in 2024 upon his appointment as the UK's ambassador to Washington, the company's current leadership attributed the collapse to what they described as the "Peter Mandelson legacy," Highlighting the serious reputational damage affecting the firm's future."
"The controversy deepened after the release of files connected to Jeffrey Epstein revealed that Global Counsel co-founder Benjamin Wegg-Prosser had met the convicted sex offender while he was under house arrest. Wegg-Prosser resigned as chief executive last week. Earlier this month, the company announced it had divested Lord Mandelson's shares, emphasising that he now has "no shareholding, role, or association" with the firm and exercises no influence over it, in an effort to reassure clients and stakeholders about the firm's independence."
Global Counsel, the lobbying firm founded in 2010 by Peter Mandelson, entered administration after a wave of client departures linked to renewed controversy around Jeffrey Epstein. Lord Mandelson left the board in 2024 after becoming the UK's ambassador to Washington, but company leadership blamed the collapse on the 'Peter Mandelson legacy,' citing severe reputational damage. Several high-profile organisations ended relationships with the firm and Vodafone reviewed its contract. Files revealed that co-founder Benjamin Wegg-Prosser had met Epstein while he was under house arrest; Wegg-Prosser resigned as chief executive. The company divested Lord Mandelson's shares and stressed he has no association. The administration represents a major reputational and financial setback.
Read at London Business News | Londonlovesbusiness.com
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