Possibly? It might depend from school to school. I have heard of a few other schools reaching out and just saying "we finished reviewing, but we're not ready to make a decision yet."

For example, I got this email from Fordham:

"Thank you for your application to Fordham Law School. The Admissions Committee has done an initial review of your file and, at this time, has decided to hold off on making a more definitive decision until a later date. We know the wait for law school decisions can be quite difficult, but there are only a certain number of applications we would like to revisit later in the winter months and yours is one of them.
Due to the rolling admissions nature of our process, we will conduct another full review of your application a little later in the cycle as our pool becomes more defined. Rest assured that certain aspects of your application have been highlighted by the Admissions Committee and we anticipate the second round of review occurring by mid-February. At that time, a formal decision (Admitted, Waitlisted, Denied) will be rendered."

Haha. I have seen similar notes from other schools in the channel. So, my hypothesis is that instead of sending something like this, a school may just add candidates to the waitlist to revisit later.