LONDON, Feb 19 (Reuters) - Global Counsel, the consultancy firm co-founded by former British ambassador to the United States Peter Mandelson, is preparing to enter administration as early as Friday, a
Mandelson-Linked Consultancy to Enter Administration Amid Epstein Fallout
Administration Plans and Timeline
LONDON, Feb 19 (Reuters) - Global Counsel, the consultancy firm co-founded by former British ambassador to the United States Peter Mandelson, is preparing to enter administration as early as Friday, a source familiar with the matter told Reuters.
Client Departures and Epstein Fallout
Staff were told on Thursday that the move followed a wave of client departures after disclosures about Mandelson's past links to the late U.S. sex offender Jeffrey Epstein, the source said.
Company Response
The firm did not immediately respond to a request for comment.
Ties with Peter Mandelson
Global Counsel cut ties with Mandelson in September last year, Reuters had reported, the day Prime Minister Keir Starmer sacked him as Britain's ambassador to Washington.
Leadership Changes
Benjamin Wegg-Prosser, who co-founded Global Counsel alongside Mandelson, stepped down as chief executive earlier in February.
Reporting Credits
(Reporting by Sam Tabahriti, Editing by Paul Sandle)
