Our aim in this article is to produce new examples of semistable Lazarsfeld-Mukai bundles on smooth projective surfaces X using the notion of parabolic vector bundles. In particular, we associate natural parabolic structures to any rank two (dual) Lazarsfeld-Mukai bundle and study the parabolic stability of these parabolic bundles. We also show that the orbifold bundles on Kawamata coverings of X corresponding to the above parabolic bundles are themselves certain (dual) Lazarsfeld-Mukai bundles. This gives semistable Lazarsfeld-Mukai bundles on Kawamata covers of the projective plane and of certain K3 surfaces.LM bundles were first used by Lazarsfeld [11] to prove Petri's conjecture and by Mukai [16] in the classification of certain Fano manifolds. They have also been useful in studying the constancy of gonality, Clifford index and Clifford dimension of smooth projective curves belonging to ample or globally generated linear systems on K3 surfaces [5,6,9]. Voisin's proof of the generic Green's conjecture employed these bundles [21,22], and Aprodu and Farkas [1] use LM bundles and their parameter spaces while proving Green's conjecture for curves on a K3 surface. The (semi)stability properties of LM bundles over K3 surfaces were studied by , and of certain LM bundles over Jacobian surfaces and higher dimensional varieties by us [18,19].In this article, our aim is to produce new examples of semistable Lazarsfeld-Mukai bundles via the general theory of parabolic vector bundles. In particular, we associate certain parabolic vector bundles to a rank two LM bundle and study the related notions of parabolic stability. We refer to § 2 for some preliminaries on parabolic vector bundles.Suppose X is a smooth projective surface over C and C i ֒− → X is a smooth curve. Consider a globally generated line bundle A on C, with dim H 0 (C, A) = 2. Then the rank two LM bundle associated to the pair (C, A) is the dual of the vector bundle F , where F is defined by the following short exact sequence: