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Previous work indicates that life bounced back quite quickly, but this was mostly in the form of "disaster taxa" (opportunistic organisms that filled the empty ecospace left behind by the extinction), such as the hardy Lystrosaurus, a barrel-chested herbivorous animal, about the size of a pig. The most recent research, conducted by Sarda Sahney and Professor Michael Benton at the University of Bristol and published in Proceedings of the Royal Society B, indicates that specialized animals forming complex ecosystems, with high biodiversity, complex food webs and a variety of niches, took much longer to recover.
Sahney and Benton looked at the recovery of tetrapods -- animals with a backbone and four legs, such as amphibians and reptiles -- and found that although globally tetrapods appeared to recover quickly, the dramatic restructuring that occurred at the community level was not permanent and communities did not recover numerically or ecologically until about 30 million years later.
Sahney said: "Our research shows that after a major ecological crisis, recovery takes a very long time. So although we have not yet witnessed anything like the level of the extinction that occurred at the end of the Permian, we should nevertheless bear in mind that ecosystems take a very long time to fully recover."
Professor Benton explained: "Diversity is most commonly assessed by tallying the number of taxa on a global scale, but these studies are subject to the vagaries of sampling. By examining well-preserved and well-studied faunas, the taxonomic and ecological recovery of communities after the Permian extinction event can be examined more accurately, and the problems of geological bias are largely avoided." The Permian extinctions occurred in three waves, the largest being at the boundary between the Permian and Triassic periods, 251 million years ago. This was the most devastating ecological event of all time, thought to be caused by large-scale volcanism in Russia which produced the "Siberian Traps", covering over 200,000 square kilometers (77,000 square miles) in lava.
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http://www.terradaily.com/reports/Bouncing_Back_From_The_Brink_999.html