Peter Mandelson’s lobbying firm is set to go into administration in the wake of fresh revelations about the shamed peer’s links to sex offender Jeffrey Epstein.

Global Counsel was co-founded by Lord Mandelson and previously worked with a roster of clients including Palantir, GSK, Vodafone, TikTok and the Premier League.

The firm announced earlier this month that it had cut ties with Lord Mandelson following the release of the ‘Epstein files’ in America.

Documents released by the US Department of Justice revealed further details about Lord Mandelson’s relationship with the paedophile financier.

But the ending of Lord Mandelson’s stake in Global Counsel does not appear to have saved the company’s future, with high-profile clients pulling their business.

Staff at the company were told in a meeting at 1pm that it is being placed into administration due to the links between Lord Mandelson and Epstein, it is understood.

A Global Counsel source said it was a terrible situation for staff, who had ‘nothing to do with it’. They added: ‘It’s the end of Mandelson’s legacy.’

Another Global Counsel source told the Mail: ‘It’s a good firm of good people that have been swept away by the millstone of revelations that were nothing to do with the firm.

‘This firm was run completely independently of Peter Mandelson for some years. He left as a director two years ago and then departed. Ninety per cent of the people here have never worked with him.’

In a statement the firm – which has around 130 employees in Berlin, Brussels, London, Singapore, Washington DC and Doha – confirmed it had appointed administrators.

It said the ‘continuing maelstrom of political and media attention surrounding Peter Mandelson has made it challenging to continue with the business in its current form’.

The news came on the same day that Andrew Mountbatten-Windsor, who was also a friend of Epstein, was arrested on suspicion of misconduct in public office.

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