Shaw is an English word meaning 'small wood'. I am not sure what 'Lorden' means or comes from as Anglo-Saxon placenames look a lot like Modern English words meaning something else (e.g. Simonside looking like it means Simon's Side).

'Lorden' could be a corruption of hlâford (or hlâfweard), which is the origin of the word lord. This meant 'lord' or 'male householder'.