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  <xsd:element id="lm_InvestmentAdvisoryFeesFunds" name="InvestmentAdvisoryFeesFunds" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentAdvisoryFeesSeparateAccounts" name="InvestmentAdvisoryFeesSeparateAccounts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_LiquidityFundSupportTextBlock" name="LiquidityFundSupportTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NoncontrollingInterestsRedeemable" name="NoncontrollingInterestsRedeemable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_PaymentsUnderLiquidityFundSupportArrangements" name="PaymentsUnderLiquidityFundSupportArrangements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ProceedsFromPaymentsForInvestingActivitiesAbstract" name="ProceedsFromPaymentsForInvestingActivitiesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ProceedsFromSalesAndMaturitiesOfInvestmentSecurities" name="ProceedsFromSalesAndMaturitiesOfInvestmentSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_PurchasesOfInvestmentSecurities" name="PurchasesOfInvestmentSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_RealizedGainLossOnSaleOfStructuredInvestmentVehicleSecurities" name="RealizedGainLossOnSaleOfStructuredInvestmentVehicleSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_SharesExchangeableIntoCommonStockMember" name="SharesExchangeableIntoCommonStockMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_SharesExchangeableIntoCommonStockValue" name="SharesExchangeableIntoCommonStockValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_SharesIssuedDuringPeriodValueDeferredCompensationNet" name="SharesIssuedDuringPeriodValueDeferredCompensationNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_SharesIssuedToEmployeeStockTrustPlans" name="SharesIssuedToEmployeeStockTrustPlans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_TransactionRelatedCompensation" name="TransactionRelatedCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnrealizedGainsLossesOnFundSupport" name="UnrealizedGainsLossesOnFundSupport" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_PaymentsOnEquityUnitsExchange" name="PaymentsOnEquityUnitsExchange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_RecognitionOfConversionValueOfSeniorNotesNetOfTaxPursuantToNewAccountingRequirement" name="RecognitionOfConversionValueOfSeniorNotesNetOfTaxPursuantToNewAccountingRequirement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_EquityUnitsExchangedIssued" name="EquityUnitsExchangedIssued" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_StockholdersEquityAsPreviouslyReported" name="StockholdersEquityAsPreviouslyReported" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_AccumulatedOtherComprehensiveIncomeLossDisclosureAbstract" name="AccumulatedOtherComprehensiveIncomeLossDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_AcquisitionsAndDispositionsDisclosureAbstract" name="AcquisitionsAndDispositionsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_CommitmentsAndContingenciesDisclosureAbstract" name="CommitmentsAndContingenciesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_EmployeeBenefitsDisclosureAbstract" name="EmployeeBenefitsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_DeferredCompensationStockTrustDisclosureAbstract" name="DeferredCompensationStockTrustDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_DerivativesAndHedgingDisclosureAbstract" name="DerivativesAndHedgingDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_EarningsPerShareDisclosureAbstract" name="EarningsPerShareDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_InvestmentsAndFairValuesOfAssetsAndLiabilitiesDisclosureAbstract" name="InvestmentsAndFairValuesOfAssetsAndLiabilitiesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FixedAssetsDisclosureAbstract" name="FixedAssetsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_IncomeTaxesDisclosureAbstract" name="IncomeTaxesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_IntangibleAssetsAndGoodwillDisclosureAbstract" name="IntangibleAssetsAndGoodwillDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_LiquidityFundSupportDisclosureAbstract" name="LiquidityFundSupportDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_LongTermDebtDisclosureAbstract" name="LongTermDebtDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_BusinessSegmentInformationDisclosureAbstract" name="BusinessSegmentInformationDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ShortTermBorrowingsDisclosureAbstract" name="ShortTermBorrowingsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_SummaryOfSignificantAccountingPoliciesDisclosureAbstract" name="SummaryOfSignificantAccountingPoliciesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_StockBasedCompensationDisclosureAbstract" name="StockBasedCompensationDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_CapitalStockDisclosureAbstract" name="CapitalStockDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_VariableInterestEntitiesDisclosureAbstract" name="VariableInterestEntitiesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_DisposalGroupsIncludingDiscontinuedOperationsDisclosureAbstract" name="DisposalGroupsIncludingDiscontinuedOperationsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_InterimBasisOfReportingDisclosureAbstract" name="InterimBasisOfReportingDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureAbstract" name="InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_SubsequentEventDisclosureAbstract" name="SubsequentEventDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_AdjustmentsToAdditionalPaidInCapitalFutureTaxBenefitOnConvertibleNoteHedge" name="AdjustmentsToAdditionalPaidInCapitalFutureTaxBenefitOnConvertibleNoteHedge" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_SupplementaryCashFlowDisclosureCashPaidReceivedForAbstract" name="SupplementaryCashFlowDisclosureCashPaidReceivedForAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
</xsd:schema>
