Global Counsel, a lobbying and consulting firm founded by former Labour politician Peter Mandelson, has collapsed and filed for insolvency, largely attributed to Mandelson's association with Jeffrey Epstein. This scandal has marked a significant downfall of a known company in the UK, demonstrating the far-reaching effects of the Epstein allegations on businesses connected to him.

The firm's collapse comes on the same day as the arrest of former Prince Andrew for potential misconduct and conspiracy involving Epstein, highlighting the ongoing repercussions of the Epstein scandal in high-profile circles. Clients have begun to withdraw their contracts with Global Counsel, noticeably affecting its financial stability.

This development not only signals the end of a significant player in the consulting industry but also raises questions about the integrity of relationships between businesses and influential figures implicated in criminal activities. The fallout from this situation is likely to continue as other businesses assess their connections and reputations in light of such scandals.