Mandelson-founded advisory firm Global Counsel to go into administration
Financial Times
February 19, 2026
AI-Generated Deep Dive Summary
Global Counsel, a prominent advisory firm founded by Peter Mandelson, has entered administration following damaging revelations about its connection to Jeffrey Epstein. The collapse of the firm, which specialized in strategic communication and public affairs, occurred after reports surfaced linking someone close to the company to Epstein, leading clients to distance themselves from Global Counsel.
Mandelson, a seasoned political figure known for his influence in European politics, founded the firm over two decades ago. Initially operating as Europe事务, the company grew into a respected name among businesses and governments, providing strategic advice on issues ranging from corporate communication to regulatory matters. Its clientele included major international corporations and EU institutions.
This situation underscores the critical role of ethical considerations and reputation management in business. The scandal has sent shockwaves through the industry, highlighting how quickly partnerships with individuals embroiled in legal controversies can undermine trust. Companies now face heightened scrutiny to ensure their associations align with ethical standards, signaling a potential shift in corporate due diligence practices.
The downfall of Global Counsel serves as a cautionary tale, emphasizing the importance of transparency and integrity. Businesses must carefully vet their relationships to avoid reputational damage, which can lead to financial instability and loss of client trust. The broader implication is that firms are increasingly expected to demonstrate ethical rigor, not just in their operations but also in their associations.
In conclusion, the administration of Global Counsel highlights the volatile nature of business reputation and the necessity for companies to maintain stringent ethical standards. As the dust settles, other firms may reevaluate their strategies,加强 due diligence, and prioritize transparency to navigate an increasingly scrutiny-driven landscape.
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Originally published on Financial Times on 2/19/2026