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  <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_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 id="lm_FutureAmortizationExpenseRemainingCurrentYear" name="FutureAmortizationExpenseRemainingCurrentYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfEstimatedAmortizationExpensesTextBlock" name="ScheduleOfEstimatedAmortizationExpensesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FiniteLivedAndIndefiniteLivedIntangibleAssetsLineItems" name="FiniteLivedAndIndefiniteLivedIntangibleAssetsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassTable" name="ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassAxis" name="ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_TypeOfLiquidityFundsAxis" name="TypeOfLiquidityFundsAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassDomain" name="ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsByMajorClassDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_TypeOfLiquidityFundsDomain" name="TypeOfLiquidityFundsDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_AssetsManagementContractsMember" name="AssetsManagementContractsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FundManagementContractsMember" name="FundManagementContractsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesMeasuredInvestmentsTextBlock" name="FairValueAssetsAndLiabilitiesMeasuredInvestmentsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTable" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_LiquidityFundsTable" name="LiquidityFundsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisDisclosureItemsAxis" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisDisclosureItemsAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisDisclosureItemsDomain" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisDisclosureItemsDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisFinancialStatementCaptionsLineItems" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisFinancialStatementCaptionsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisFinancialStatementRollForwardUnobservableinputlevel3" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisFinancialStatementRollForwardUnobservableinputlevel3" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueMeasuredOnRecurringBasisInvestmentsRelatingToLongTermIncentiveCompensationPlans" name="FairValueMeasuredOnRecurringBasisInvestmentsRelatingToLongTermIncentiveCompensationPlans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_FairValueMeasuredOnRecurringBasisProprietaryFundProductsAndOtherInvestments" name="FairValueMeasuredOnRecurringBasisProprietaryFundProductsAndOtherInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_FairValueAssetsMeasuredOnRecurringBasisEquityInvestments" name="FairValueAssetsMeasuredOnRecurringBasisEquityInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_FairValueAssetsMeasuredOnRecurringBasis" name="FairValueAssetsMeasuredOnRecurringBasis" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_ForeignCurrencyAndMarketDerivativeLiabilityHedgesAtFairValue" name="ForeignCurrencyAndMarketDerivativeLiabilityHedgesAtFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_FairValueLiabilitiesMeasuredOnRecurringBasis" name="FairValueLiabilitiesMeasuredOnRecurringBasis" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAxis" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationDomain" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ProprietaryFundProductAndOtherInvestmentsMember" name="ProprietaryFundProductAndOtherInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentLockUpPeriod" name="InvestmentLockUpPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_SecuritiesIssuedBySIVsMember" name="SecuritiesIssuedBySIVsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentInPartnershipsAndLimitedLiabilityCompaniesMember" name="InvestmentInPartnershipsAndLimitedLiabilityCompaniesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherInvestmentsMember" name="OtherInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_NatureOfInvestmentsAndRelatedLiquidationRestrictionsOrOtherFactorsLineItem" name="NatureOfInvestmentsAndRelatedLiquidationRestrictionsOrOtherFactorsLineItem" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueDetermindUsingNAV" name="FairValueDetermindUsingNAV" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnfundedCommitments" name="UnfundedCommitments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_SwapAssetsMember" name="SwapAssetsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_SwapLiabilitiesMember" name="SwapLiabilitiesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentNoticePeriodLowEndOfRange" name="InvestmentNoticePeriodLowEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FundSupportMember" name="FundSupportMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PercentageOfMonthlyRedemption" name="PercentageOfMonthlyRedemption" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ProprietaryFundProductsDebtSecurities" name="ProprietaryFundProductsDebtSecurities" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_ProprietaryFundProductsEquitySecurities" name="ProprietaryFundProductsEquitySecurities" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_PercentageOfRedemptionInvestmentFunds" name="PercentageOfRedemptionInvestmentFunds" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTermsExtensionPeriod" name="RemainingTermsExtensionPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PercentageOfQuaterlyRedemption" name="PercentageOfQuaterlyRedemption" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PercentageOfAnnualRedemption" name="PercentageOfAnnualRedemption" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PercentageSubjectToLockInPeriod" name="PercentageSubjectToLockInPeriod" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentNoticePeriodHighEndOfRange" name="InvestmentNoticePeriodHighEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputAbstract" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ReversalOfIncreaseInDerivativeLiabilities" name="ReversalOfIncreaseInDerivativeLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnrealizedGainsLossesRelatingToFairValueMeasurementsUsingUnobservableInputsAssetsAndLiabilitiesStillHeldAtTheReportingDate" name="UnrealizedGainsLossesRelatingToFairValueMeasurementsUsingUnobservableInputsAssetsAndLiabilitiesStillHeldAtTheReportingDate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_ChangeInRealizedUnrealizedGainsLossesRelatingToFairValueMeasurementWithUnobservableInputsAssetsAndLiabilities" name="ChangeInRealizedUnrealizedGainsLossesRelatingToFairValueMeasurementWithUnobservableInputsAssetsAndLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTermsExtensionsNumber" name="RemainingTermsExtensionsNumber" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTerms" name="RemainingTerms" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTermsOfInvestmentsCategoryOne" name="RemainingTermsOfInvestmentsCategoryOne" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTermOfInvestments" name="RemainingTermOfInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingTermsOfInvestmentsCategoryTwo" name="RemainingTermsOfInvestmentsCategoryTwo" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_CatagoryOfInvestmentsTable" name="CatagoryOfInvestmentsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_CategoryOfInvestmentsDomain" name="CategoryOfInvestmentsDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FundsOfHedgeFundsMember" name="FundsOfHedgeFundsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_CategoryOfInvestmentsAxis" name="CategoryOfInvestmentsAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PrivateFundsMember" name="PrivateFundsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiability" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedOptions" name="UnamortizedCompensationCostOnUnvestedOptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnvestedOptionsNumberOfShares" name="UnvestedOptionsNumberOfShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedOptionsRecognizedOverWeightedAveragePeriod" name="UnamortizedCompensationCostOnUnvestedOptionsRecognizedOverWeightedAveragePeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RestrictedUnitMember" name="RestrictedUnitMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedRestrictedStockAwards" name="UnamortizedCompensationCostOnUnvestedRestrictedStockAwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedRestrictedStockAwardsRecognizedOverWeightedAveragePeriod" name="UnamortizedCompensationCostOnUnvestedRestrictedStockAwardsRecognizedOverWeightedAveragePeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedRestrictedStockUnits" name="UnamortizedCompensationCostOnUnvestedRestrictedStockUnits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_UnamortizedCompensationCostOnUnvestedRestrictedStockUnitsRecognizedOverWeightedAveragePeriod" name="UnamortizedCompensationCostOnUnvestedRestrictedStockUnitsRecognizedOverWeightedAveragePeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_CommonStockIssuedToNonEmployeeDirectorNumberOfShares" name="CommonStockIssuedToNonEmployeeDirectorNumberOfShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_CommonStockIssuedToNonEmployeeDirectorFairValuePerShare" name="CommonStockIssuedToNonEmployeeDirectorFairValuePerShare" nillable="true" substitutionGroup="xbrli:item" type="us-types:perShareItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInEarnings" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInEarnings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_StockOptionOutstandingToNonEmployeeDirectorNumberOfShares" name="StockOptionOutstandingToNonEmployeeDirectorNumberOfShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_RestrictedStockUnitsOutstandingToNonEmployeeDirectorNumberOfShares" name="RestrictedStockUnitsOutstandingToNonEmployeeDirectorNumberOfShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_PercentageOfSubleaseRentalsDueFromCounterparty" name="PercentageOfSubleaseRentalsDueFromCounterparty" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_MinimumRentalCommitmentsInRealEstateAndEquipmentLease" name="MinimumRentalCommitmentsInRealEstateAndEquipmentLease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_CommitmentsInInvestmentVehicles" name="CommitmentsInInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_MinimumRentalCommitmentsInServiceAndMaintenanceAgreements" name="MinimumRentalCommitmentsInServiceAndMaintenanceAgreements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_SecheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock" name="SecheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_VariableInterestEntitiesAbstract" name="VariableInterestEntitiesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_LiquidityFundSubjectToCapitalSupportMember" name="LiquidityFundSubjectToCapitalSupportMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_CDOAndCLOMember" name="CDOAndCLOMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PublicPrivateInvestmentProgramMember" name="PublicPrivateInvestmentProgramMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherSponsoredInvestmentsFundMember" name="OtherSponsoredInvestmentsFundMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_VariableInterestEntityEquityInterestInConsolidatedBalanceSheet" name="VariableInterestEntityEquityInterestInConsolidatedBalanceSheet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableInterestEntityCarryingAmountOfCollateralizedAssetsUnconsolidated" name="VariableInterestEntityCarryingAmountOfCollateralizedAssetsUnconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableInterestEntityCarryingAmountOfCollateralizedLiabilitiesUnconsolidated" name="VariableInterestEntityCarryingAmountOfCollateralizedLiabilitiesUnconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableInterestEntityEntityMaximumLossExposureAmount" name="VariableInterestEntityEntityMaximumLossExposureAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableInterestEntityMaximumRiskOfLoss" name="VariableInterestEntityMaximumRiskOfLoss" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_ScheduleOfRedeemableNoncontrollingInterestTextBlock" name="ScheduleOfRedeemableNoncontrollingInterestTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_NoncontrollingInterestsRedeemableRollForward" name="NoncontrollingInterestsRedeemableRollForward" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_NewAccountingPronouncementsNetLossAndNetLossPerShareImpactLineItems" name="NewAccountingPronouncementsNetLossAndNetLossPerShareImpactLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_VariableInterestEntityCarryingAmountEquity" name="VariableInterestEntityCarryingAmountEquity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_NewAccountingPronouncementsBalanceSheetImpactLineItems" name="NewAccountingPronouncementsBalanceSheetImpactLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfVariableInterestEntitiesAssetsLiabilitiesAndMaximumRiskOfLossTextBlock" name="ScheduleOfVariableInterestEntitiesAssetsLiabilitiesAndMaximumRiskOfLossTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfEarningsPerShareBasicAndDilutedTextBlock" name="ScheduleOfEarningsPerShareBasicAndDilutedTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_DisclosureOfShareBasedCompensationAssumptionsForPricingModelTextBlock" name="DisclosureOfShareBasedCompensationAssumptionsForPricingModelTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfShareBasedCompensationArrangementRestrictedStockTransactionsTextBlock" name="ScheduleOfShareBasedCompensationArrangementRestrictedStockTransactionsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_SeniorNotesFromEquityUnits5.6PercentMember" name="SeniorNotesFromEquityUnits5.6PercentMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ThirdPartyDistributionFinancingMember" name="ThirdPartyDistributionFinancingMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherTermLoansMember" name="OtherTermLoansMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_DebtInstrumentMaturityAmountCurrent" name="DebtInstrumentMaturityAmountCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_DebtInstrumentNoncurrentCarryingAmount" name="DebtInstrumentNoncurrentCarryingAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_DebtInstrumentExpectedTermForComputationOfEffectiveRateInYears" name="DebtInstrumentExpectedTermForComputationOfEffectiveRateInYears" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PercentageOfEquityUnitsRetired" name="PercentageOfEquityUnitsRetired" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NonAssetBackedSecuritiesMember" name="NonAssetBackedSecuritiesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PurchaseOfNonBankSponsoredStucturedInvestmentVehiclesMember" name="PurchaseOfNonBankSponsoredStucturedInvestmentVehiclesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PurchaseOfCanadianConduitSecuritiesMember" name="PurchaseOfCanadianConduitSecuritiesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_SaleOfNonBankSponseredStructuredInvestmentVehiclesMember" name="SaleOfNonBankSponseredStructuredInvestmentVehiclesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherInvestmentsNoncontrollingInterests" name="OtherInvestmentsNoncontrollingInterests" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_ConsolidatedSponsoredInvestmentFund" name="ConsolidatedSponsoredInvestmentFund" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_FiniteLivedIntangibleAssetWeightedAverageUsefulLife" name="FiniteLivedIntangibleAssetWeightedAverageUsefulLife" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FutureAmortizationExpenseYearOneAfterCurrentFiscalYear" name="FutureAmortizationExpenseYearOneAfterCurrentFiscalYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_DecreaseInAdditionalPaidInCapitalEquityUnitExchange" name="DecreaseInAdditionalPaidInCapitalEquityUnitExchange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_FutureAmortizationExpenseFiniteLivedIntangibleAssets" name="FutureAmortizationExpenseFiniteLivedIntangibleAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_BusinessCombinationLiabilitiesArisingFromContingenciesAnnualPayment" name="BusinessCombinationLiabilitiesArisingFromContingenciesAnnualPayment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_BusinessCombinationEarnOutAmountPaid" name="BusinessCombinationEarnOutAmountPaid" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_NumberOfEquityUnitsRetired" name="NumberOfEquityUnitsRetired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_PaymentsOnEquityUnitsExchangeNet" name="PaymentsOnEquityUnitsExchangeNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" 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_OperatingLeasesRentExpenseInExcessOfSublease" name="OperatingLeasesRentExpenseInExcessOfSublease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_VariableIntersetEntitiyLeggMasonNoLongerHasVariableIntersetCarryingAmountLiabilities" name="VariableIntersetEntitiyLeggMasonNoLongerHasVariableIntersetCarryingAmountLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableIntersetEntitiyLeggMasonNoLongerHasVariableInterestCarryingAmountLiability" name="VariableIntersetEntitiyLeggMasonNoLongerHasVariableInterestCarryingAmountLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_VariableIntersetEntitiyLeggMasonNoLongerHasVariableInterestCarryingAmountAsset" name="VariableIntersetEntitiyLeggMasonNoLongerHasVariableInterestCarryingAmountAsset" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_AntidilutiveSharesDueToNetLossMember" name="AntidilutiveSharesDueToNetLossMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsOtherThanEquityAwards" name="IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsOtherThanEquityAwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_LongTermDebtMaturitiesRepaymentsOfPrincipalCurrentFiscalYear" name="LongTermDebtMaturitiesRepaymentsOfPrincipalCurrentFiscalYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_OperatingLeasesFutureMinimumPaymentsDueRemainderOfCurrentYear" name="OperatingLeasesFutureMinimumPaymentsDueRemainderOfCurrentYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <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_SignificantAccountingPoliciesDisclosureAbstract" name="SignificantAccountingPoliciesDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NumberOfSponsoredInvestmentFundVIE" name="NumberOfSponsoredInvestmentFundVIE" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ConsolidationDisclosureAbstract" name="ConsolidationDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ImpactOfConsolidatedInvestmentEntitiesOnConsolidatedFinancialStatementsTextblock" name="ImpactOfConsolidatedInvestmentEntitiesOnConsolidatedFinancialStatementsTextblock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisOfConsolidatedInvestmentsEntitiesTextBlock" name="FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisOfConsolidatedInvestmentsEntitiesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FairValueAssetsAndLiabilitiesOfConsolidatedInvestmentEntitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" name="FairValueAssetsAndLiabilitiesOfConsolidatedInvestmentEntitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherNonoperatingIncomeExpenseOfConsolidatedInvestmentEntitiesTextBlock" name="OtherNonoperatingIncomeExpenseOfConsolidatedInvestmentEntitiesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfDebtAndFutureMaturitiesOfDebtOfConsolidatedInvestmentEntitiesTextblock" name="ScheduleOfDebtAndFutureMaturitiesOfDebtOfConsolidatedInvestmentEntitiesTextblock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfDerivativeInstrumentsOfConsolidatedInvestmentEntitiesTextBlock" name="ScheduleOfDerivativeInstrumentsOfConsolidatedInvestmentEntitiesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfRealizedGainsLossesOnDerivativeAssetsAndLiabilitiesOfConsolidatedInvestmentVehicles" name="ScheduleOfRealizedGainsLossesOnDerivativeAssetsAndLiabilitiesOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ScheduleOfUnrealizedGainsLossesOnDerivativeAssetsAndLiabilitiesOfConsolidatedInvestmentVehicles" name="ScheduleOfUnrealizedGainsLossesOnDerivativeAssetsAndLiabilitiesOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_CLOLoansAbstract" name="CLOLoansAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAvailableForIssuance" name="ShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAvailableForIssuance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_ShareBasedCompensationOptionExercisablePeriodFromDateOfGrantLowEndOfRange" name="ShareBasedCompensationOptionExercisablePeriodFromDateOfGrantLowEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ShareBasedCompensationOptionExercisablePeriodFromDateOfGrantHighEndOfRange" name="ShareBasedCompensationOptionExercisablePeriodFromDateOfGrantHighEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ShareBasedCompensationOptionExpirationPeriodFromDateOfGrantLowEndOfRange" name="ShareBasedCompensationOptionExpirationPeriodFromDateOfGrantLowEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ShareBasedCompensationOptionExpirationPeriodFromDateOfGrantHighEndOfRange" name="ShareBasedCompensationOptionExpirationPeriodFromDateOfGrantHighEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NumberOfSponsoredInvestmentFundVOE" name="NumberOfSponsoredInvestmentFundVOE" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InvestmentInConsolidatedSponsoredInvestmentFunds" name="InvestmentInConsolidatedSponsoredInvestmentFunds" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <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_IntangibleAssetsAndGoodwillDisclosureAbstract" name="IntangibleAssetsAndGoodwillDisclosureAbstract" 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_EarningsPerShareDisclosureAbstract" name="EarningsPerShareDisclosureAbstract" 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 id="lm_ConsolidatedInvestmentVehiclesAndOtherVariableInterestEntitiesDisclosureTextBlock" name="ConsolidatedInvestmentVehiclesAndOtherVariableInterestEntitiesDisclosureTextBlock" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NoncontrollingInterestsNonRedeemable" name="NoncontrollingInterestsNonRedeemable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_LongTermDebtAndEquityUnitsDisclosureAbstract" name="LongTermDebtAndEquityUnitsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_TransitionRelatedCompensation" name="TransitionRelatedCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherNonoperatingIncomeExpenseOfConsolidatedInvestmentVehicles" name="OtherNonoperatingIncomeExpenseOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_InvestmentAdvisoryFeesAbstract" name="InvestmentAdvisoryFeesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_LaborAndRelatedExpenseExcludingTransitionRelatedCompensation" name="LaborAndRelatedExpenseExcludingTransitionRelatedCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_SubscriptionsOfNoncontrollingInterests" name="SubscriptionsOfNoncontrollingInterests" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" 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 id="lm_RetainedEarningsAppropriatedOfConsolidatedInvestmentEntitiesMember" name="RetainedEarningsAppropriatedOfConsolidatedInvestmentEntitiesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NetIncreaseInOperatingAssetsAndLiabilitiesOfConsolidatedInvestmentVehiclesIncludingCash" name="NetIncreaseInOperatingAssetsAndLiabilitiesOfConsolidatedInvestmentVehiclesIncludingCash" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" 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 id="lm_PercentageOfInvestmentOfMoreThan3YearsRedemption" name="PercentageOfInvestmentOfMoreThan3YearsRedemption" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ConsolidatedLeggMasonGroupMember" name="ConsolidatedLeggMasonGroupMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_GoodwillGrossValue" name="GoodwillGrossValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_GoodwillGrossValueMember" name="GoodwillGrossValueMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_GoodwillAccumulatedImpairmentMember" name="GoodwillAccumulatedImpairmentMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_GoodwillByBookValueDomain" name="GoodwillByBookValueDomain" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_GoodwillAccumulatedImpairment" name="GoodwillAccumulatedImpairment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_GoodwillNetValueMember" name="GoodwillNetValueMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnAssets" name="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnLiabilities" name="NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_NumberOfSponsoredInvestmentFundsConsolidatedInEntitysFinancialStatementsPriorToNewAccountingPronouncementOrChangeInAccountingPrinciple" name="NumberOfSponsoredInvestmentFundsConsolidatedInEntitysFinancialStatementsPriorToNewAccountingPronouncementOrChangeInAccountingPrinciple" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_AdditionalNumberOfSponsoredInvestmentFundsConsolidatedInEntitysFinancialStatementsPostNewAccountingPronouncementOrChangeInAccountingPrinciple" name="AdditionalNumberOfSponsoredInvestmentFundsConsolidatedInEntitysFinancialStatementsPostNewAccountingPronouncementOrChangeInAccountingPrinciple" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_InterestIncomeOnStructuredInvestmentVehiclesSecurities" name="InterestIncomeOnStructuredInvestmentVehiclesSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_PrincipalAmountOutstandingOfLoansHeldInPortfolio90DaysOrMorePastDue" name="PrincipalAmountOutstandingOfLoansHeldInPortfolio90DaysOrMorePastDue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_IncreaseInShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAuthorized" name="IncreaseInShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAuthorized" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAuthorized" name="ShareBasedCompensationUnderEquityIncentiveStockPlanNumberOfSharesAuthorized" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_PrincipalAmountOutstandingOfDebt" name="PrincipalAmountOutstandingOfDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_OpenPurchasedOptionsMember" name="OpenPurchasedOptionsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FuturesAndForwardForeignCurrencyContractMember" name="FuturesAndForwardForeignCurrencyContractMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_ReverseRepurchaseAgreementsMember" name="ReverseRepurchaseAgreementsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OpenWrittenOptionsMember" name="OpenWrittenOptionsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_GainsLossesOnInvestmentsAndLongTermDebtNet" name="GainsLossesOnInvestmentsAndLongTermDebtNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_GainLossOnChangeInFairValueOfCLOLoans" name="GainLossOnChangeInFairValueOfCLOLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_GainLossOnChangeInFairValueOfCLODebt" name="GainLossOnChangeInFairValueOfCLODebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_LossesOnForeignExchangeHedgesAssociatedWithSeedCapitalInvestments" name="LossesOnForeignExchangeHedgesAssociatedWithSeedCapitalInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_ForeignCurrencyAndMarketDerivativeAssetHedgesAtFairValue" name="ForeignCurrencyAndMarketDerivativeAssetHedgesAtFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_ScheduleOfEarningsPerShareTable" name="ScheduleOfEarningsPerShareTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_EarningsPerShareLineitem" name="EarningsPerShareLineitem" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ScheduleOfFiniteLivedIntangibleAssetsFutureAmortizationExpenseTable" name="ScheduleOfFiniteLivedIntangibleAssetsFutureAmortizationExpenseTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_FiniteLivedIntangibleAssetsFutureAmortizationExpenseLineitem" name="FiniteLivedIntangibleAssetsFutureAmortizationExpenseLineitem" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ScheduleOfGoodwillByBookValueAxis" name="ScheduleOfGoodwillByBookValueAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTable" name="ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsLineItem" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsLineItem" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_BeforeConsolidationMember" name="BeforeConsolidationMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RetentionIncentivesMember" name="RetentionIncentivesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_TotalRestructuringAndRelatedCostExpectedLowerRange" name="TotalRestructuringAndRelatedCostExpectedLowerRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherRestructuringCostsMember" name="OtherRestructuringCostsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingRestructuringAndRelatedCostExpectedLowerRange" name="RemainingRestructuringAndRelatedCostExpectedLowerRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_RemainingRestructuringAndRelatedCostExpectedHigherRange" name="RemainingRestructuringAndRelatedCostExpectedHigherRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_AccumulatedOtherComprehensiveIncomeDisclosureAbstract" name="AccumulatedOtherComprehensiveIncomeDisclosureAbstract" 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_CompensationRelatedCostsGeneralDisclosureAbstract" name="CompensationRelatedCostsGeneralDisclosureAbstract" 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_DisposalGroupsIncludingDiscontinuedOperationsDisclosureAbstract" name="DisposalGroupsIncludingDiscontinuedOperationsDisclosureAbstract" 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_InvestmentsInDebtAndEquitySecuritiesAndCertainTradingAssetsDisclosureAbstract" name="InvestmentsInDebtAndEquitySecuritiesAndCertainTradingAssetsDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_LossOnDerivativeAssetsAndLiabilitiesRecordedInOtherNonOperatingIncomeOfConsolidatedInvestmentVehicles" name="LossOnDerivativeAssetsAndLiabilitiesRecordedInOtherNonOperatingIncomeOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_SegmentReportingDisclosureAbstract" name="SegmentReportingDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_ShortTermDebtDisclosureAbstract" name="ShortTermDebtDisclosureAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_StockholdersEquityDisclosureAbstract" name="StockholdersEquityDisclosureAbstract" 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_TotalRestructuringAndRelatedCostExpectedHigherRange" name="TotalRestructuringAndRelatedCostExpectedHigherRange" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_RestructuringAndRelatedCostExpectedCostToAffiliates" name="RestructuringAndRelatedCostExpectedCostToAffiliates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" 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 id="lm_USGovernmentDebtSecuritiesAndForeignGovernmentDebtSecuritiesMember" name="USGovernmentDebtSecuritiesAndForeignGovernmentDebtSecuritiesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_NumberOfCommonStockIncludedInWeightedAverageShares" name="NumberOfCommonStockIncludedInWeightedAverageShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_EstimatedRangesForRemainingRestructuringAndTransitionRelatedCosts" name="EstimatedRangesForRemainingRestructuringAndTransitionRelatedCosts" nillable="true" substitutionGroup="xbrli:item" type="us-types:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_RepaymentsOfPrincipalOnLongTermDebtOfConsolidatedInvestmentVehicles" name="RepaymentsOfPrincipalOnLongTermDebtOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_GainOnDerivativeAssetsAndLiabilitiesRecordedInOtherNonOperatingIncomeOfConsolidatedInvestmentVehicles" name="GainOnDerivativeAssetsAndLiabilitiesRecordedInOtherNonOperatingIncomeOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="lm_DebtInstrumentBasisSpreadOnVariableRateBasisPointsHighEndOfRange" name="DebtInstrumentBasisSpreadOnVariableRateBasisPointsHighEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_DebtInstrumentBasisSpreadOnVariableRateBasisPointsLowEndOfRange" name="DebtInstrumentBasisSpreadOnVariableRateBasisPointsLowEndOfRange" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_NoncurrentLiabilitiesOtherThanDebtRelatedToConsolidatedInvestmentEntities" name="NoncurrentLiabilitiesOtherThanDebtRelatedToConsolidatedInvestmentEntities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_ConsolidatedInvestmentVehiclesMember" name="ConsolidatedInvestmentVehiclesMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherTradingInvestmentsMember" name="OtherTradingInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_CurrentInterestRateUsedCalculationIfConvertedValueConvertibleDebt" name="CurrentInterestRateUsedCalculationIfConvertedValueConvertibleDebt" nillable="true" substitutionGroup="xbrli:item" type="us-types:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_StockPurchasePlanAndDeferredCompensationPayableInStock" name="StockPurchasePlanAndDeferredCompensationPayableInStock" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="lm_IncrementalCommonSharesRepurchasedUnderAcceleratedRepurchaseAgreementIncludedInWeightedAverageShares" name="IncrementalCommonSharesRepurchasedUnderAcceleratedRepurchaseAgreementIncludedInWeightedAverageShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_OtherNonoperatingIncomeExpenseMember" name="OtherNonoperatingIncomeExpenseMember" nillable="true" substitutionGroup="xbrli:item" type="us-types:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_CashAndCashEquivalentsOfConsolidatedInvestmentVehicles" name="CashAndCashEquivalentsOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_TradingSecuritesCurrentOfConsoldiatedInvestmentVehicles" name="TradingSecuritesCurrentOfConsoldiatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_LongTermInvestmentsOfConsolidatedInvestmentVehicles" name="LongTermInvestmentsOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="lm_OtherCurrentLiabilitiesOfConsolidatedInvestmentVehicles" name="OtherCurrentLiabilitiesOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="lm_NoncurrentLongTermDebtOfConsolidatedInvestmentVehicles" name="NoncurrentLongTermDebtOfConsolidatedInvestmentVehicles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="lm_ProprietaryFundProductsDisclosuresAbstract" name="ProprietaryFundProductsDisclosuresAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_PotentialCommonSharesAbstract" name="PotentialCommonSharesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_LongTermDebtFairValue" name="LongTermDebtFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:periodType="instant" />
  <xsd:element id="lm_AcceleratedShareRepurchasesShares" name="AcceleratedShareRepurchasesShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="lm_AcceleratedShareRepurchasesValue" name="AcceleratedShareRepurchasesValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="lm_EarningsPerShareAdditionalDisclosuresLineItems" name="EarningsPerShareAdditionalDisclosuresLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
</xsd:schema>
