This is a disciplinary proceeding against the respondent, Donald N. Pacheco. Although the respondent undertook to represent Gilbert Hernandez and his wife, Deh-lia Hernandez, and accepted a fee from his clients, the respondent disregarded his obligation to perform the legal services for which he was retained. Without going into extensive detail, the record shows that the respondent failed to protect his client’s rights, and caused them inconvenience and a substantial financial loss. Moreover, he was less than candid with the court when questioned about settlement of one of the Hernandez’ cases. No good purpose would be served by a further reiteration of the facts which were brought before the Grievance Committee.

In this case the Grievance Committee has recommended suspension for six months for failure of the respondent to carry out the duties he owed to his clients. See People v. James, 176 Colo. 299, 490 P.2d 291 (1971). However, while this case was being processed by the Grievance Committee, the respondent signed a stipulation, with the advice of counsel, which this Court approved. The stipulation agreed to an eight-year suspension following the respondent’s surrender of his license to practice law, and is equivalent to disbarment. People v. Pacheco, Colo., 608 P.2d 333 (1979). In view of our previous action in accepting the surrender of respondent’s license for eight years, a six-month suspension would be meaningless, unless it was made to run consecutively.1

Accordingly, the respondent is suspended and may not reapply for readmission until eight years and six months after October 22,1979. The respondent shall not be readmitted unless he can show by clear and convincing evidence that he has complied with all applicable discipline or disability orders, and shows, by such procedures as then may be required, that he possesses the requisite fitness and competence to practice law.