Paul Hastings is creating a new restructuring and insolvency practice in Paris with the hiring of Guilhem Bremond as a partner along with a team of seven lawyers.

Bremond will be responsible for building the practice in Paris and will also contribute to Paul Hastings' established restructuring activities in Europe, particularly in London and Frankfurt, the firm said in a statement.

"The arrival of Guilhem and his team is an extremely strong signal that we are sending to the market," Olivier Vermeulen, chairman of the Paris office of Paul Hastings, said in the statement. "We are now able to offer our customers a full range of transactional services, embodied by the greatest specialists in the market."