He was born in Aker as a son of Annæus Schjødt (1888–1972) and Hedevig Schjødt, née Petersen (1892–1966). He was a grandson of Attorney General Annæus J. Schjødt. From 1947 to 1965 he was married to Sissel Anker Olsen (1927–1987), a daughter of Kristofer Anker Olsen and sister of Sossen Krohg.
He took the examen artium at Riis in 1938 and the candidate.jur. degree in 1947. In between he served four years in the air force during the Second World War, in the United Kingdom and Canada. He spent two years in the Number.
331 Squadron Royal Air Force. He worked as a deputy judge in 1948.
He became a junior solicitor in his father"s law firm in 1949 and became partner in 1951. From 1953 he was a barrister with access to work with Supreme Court cases.
He is also known from several libel cases. She died in 2005, and Schjødt moved back to Norway in 2006.
He was also chairman of Hjemmet, Knaben Molybdængruber and Braathens SAFE, and a board member of the Norwegian Bar Association, Wittusen & Jensen, Elektrokontakt, Schibstedgruppen, Bertel O. Steen, Ingeniør F. Selmer, Tostrupgaarden, Hotel Bristol, A. Johnson & Company, Avon Rubber, Rank Xerox, Forsikringsselskapet Minerva and Forsikringsselskapet Viking.
