Assuming as Chrispenycate points out that your demons aren't encased in a Faraday cage...
Maybe your magician needs to 'paint' his targets first by altering the demons into 'a path of least resistance'. Perhaps, assuming that the thunder cloud above is charged negative, he/she would extract all the electrons from the internal liquids of the mouth/throat, down through the stomach and all along the rest of the digestive system, before exiting by the place where the sun don't shine. Then the big lightening strike will go through there internal regions on it's way down to earth and (perhaps) the heat generated in the internal spaces will cook them? (I'm sure there are objections to this - I'm sure I haven't quite thought it through.)
A side benefit to this is that the caster who has removed the electrons and kept them, should not take collatoral damage, being temporarily repulsive to the bolt. He can then 'magic' this smaller charge to earth by some other method to balance it all out...
or
At certain pressures and temperature Hydrogen is metallic. So perhaps the magician can cause a molecular line of metallic hydrogen to form clean through the demons body for a moment - assuming that demons, like us, are really bags of water then there should be plenty of H20 to break down to make it (well you said it's magic ), giving the main lightning bolt an internal conductive path. Perhaps even targeting important areas that when 'cooked' will kill the demon, or perhaps stop the heart through the large current.
Anyway just a couple of thoughts, that are perhaps a bit too convoluted
Maybe your magician needs to 'paint' his targets first by altering the demons into 'a path of least resistance'. Perhaps, assuming that the thunder cloud above is charged negative, he/she would extract all the electrons from the internal liquids of the mouth/throat, down through the stomach and all along the rest of the digestive system, before exiting by the place where the sun don't shine. Then the big lightening strike will go through there internal regions on it's way down to earth and (perhaps) the heat generated in the internal spaces will cook them? (I'm sure there are objections to this - I'm sure I haven't quite thought it through.)
A side benefit to this is that the caster who has removed the electrons and kept them, should not take collatoral damage, being temporarily repulsive to the bolt. He can then 'magic' this smaller charge to earth by some other method to balance it all out...
or
At certain pressures and temperature Hydrogen is metallic. So perhaps the magician can cause a molecular line of metallic hydrogen to form clean through the demons body for a moment - assuming that demons, like us, are really bags of water then there should be plenty of H20 to break down to make it (well you said it's magic ), giving the main lightning bolt an internal conductive path. Perhaps even targeting important areas that when 'cooked' will kill the demon, or perhaps stop the heart through the large current.
Anyway just a couple of thoughts, that are perhaps a bit too convoluted