Interpreting information surveyed from law firms is always difficult, firms will always shy away from "over egging the cake" to save face. This article lacks a bit of depth and certainly numbers to justify the headline. We are very close to the Northern legal market and signs at the moment point to a very positive 2016.
“Early indications suggest that 2016 could carry some performance challenges for many firms. Business levels witnessed in 2015 could be described as the new, post recession norm; and many firms appear to be struggling to deliver growth levels achieved in the previous two years.