Have a very high regard for Paul (6)

I believe the answer is:

revere

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'for paul' is the definition.
(18th-century silversmith Paul Revere)

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for revere that I've seen before include "Greatly admire" , "Paul of the famous midnight ride" , "Hold in high respect" , "Look up to - American patriot, d. 1818" , "Honour greatly" .)

I've seen this clue in the Evening Standard.

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