> We then take that value, and use a salt (a random string per user) and do another 100,000 rounds of hashing, and compare that to what is in our database.
https://blog.lastpass.com/2015/06/lastpass-security-notice/
While it's true that the client-side hashing means that LastPass never sees your plaintext password, the first hash effectively becomes the password. Then it's on LastPass to treat it as such, which they claim to do by hashing it again.
Edit: another link describing the use of PBKDF2:
https://support.logmeininc.com/lastpass/help/about-password-...