Crossword Genius

Doing well, friend lacking airs and graces (10)

Ross

I believe the answer is:

informally

I'm a little stuck... Click here to teach me more about this clue!

'lacking airs and graces' is the definition.
I can't tell whether this definition defines the answer.

'doing well friend' is the wordplay.
'doing well' becomes 'in form'.
'friend' becomes 'ally' (an ally is a friend or supporter).
'inform'+'ally'='INFORMALLY'

Can you help me to learn more?

(Other definitions for informally that I've seen before include "in relaxed fashion" , "off the record" , "in relaxed manner" .)

I've seen this clue in The Times.
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