Global Counsel to go into administration

Oliver Dean | 19th February 2026 | Lobbying, Politics
Mandelson co-founded the firm in 2010 (Photo by Dan Kitwood/Getty Images)
Mandelson co-founded the firm in 2010 (Photo by Dan Kitwood/Getty Images)

After mounting pressure from clients terminating their relationship with the firm, Global Counsel is set to enter administration tomorrow.

Global Counsel is set to enter administration following the revelations of both Wegg-Prosser and Mandelson’s links to convicted sex offender and paedophile Jeffrey Epstein.

The announcement comes days after the firm said that Wegg-Prosser, then Chief Executive, would step down and be replaced with Rebecca Park. Global Counsel employs 130 people, and all were informed of this decision today.

The firm lost considerable business and notable clients after the information about the founders’ association with Epstein was made public. Barclays terminated its relationship with the firm, and others have evidently followed suit.

Other major clients include: KKR, Klarna and Phoenix Group. Vodafone, who had previously stated that they would put their relationship with Global Counsel under review. This is still the case.

Whilst the firm retained a number of clients, the damage is too significant to continue.

The firm’s prestige and success comes partly as a result of both Mandelson’s and Wegg-Prosser’s personal relationships with those in government. In losing such figures to such damning circumstances, many clients saw it fit to withdraw.

Global Counsel was mentioned more than 800 times in the files released by the U.S Department of Justice, and most of these mentions fell under private correspondence between Mandelson and Epstein.

Global Counsel made a public statement on LinkedIn …

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