Global Counsel, the consultancy firm co-founded by ex-British Ambassador to the US Peter Mandelson, is on the brink of collapse as it prepares to enter administration, Reuters reported. This comes after the firm's clients, including KKR, Barclays, Klarna, Tesco and Premier League, cut ties over Mandelson's links to Jeffrey Epstein. Global Counsel had, in September, itself cut ties with Mandelson.