Theodore L. Banks

Theodore L. Banks (Ted) is a partner in the firm of Scharf Banks Marmor LLC in Chicago, where his practice concentrates on compliance, general corporate, and antitrust matters. He is also President of Compliance & Competition Consultants, LLC, a firm devoted to assisting corporations in development of effective and efficient programs in the areas of corporate compliance, internal investigations, and records management. He currently serves as a compliance monitor on behalf of the Federal Trade Commission and the Competition Bureau of Canada, for whom he has monitored the compliance programs of (among others) The Coca-Cola Co., Wesco Distributing, United Airlines, Air Canada, McKesson Canada Corp., and Staples, Inc. He is also an Associate Adjunct Professor of Law at Loyola University (Chicago) School of Law, where he teaches corporate compliance in the J.D., M.J., and L.L.M. programs. He has provided compliance guidance to numerous corporations, ranging from start-ups to multi-billion-dollar global enterprises, and has been retained as an expert witness on compliance in several cases. Previously, he served as Chief Counsel & Senior Director, Global Compliance Policy, at Kraft Foods in Northfield, Illinois. During his career at Kraft, his responsibilities also included supervision of complex litigation, negotiation of major corporate transactions, global records management, antitrust, and supervision of computer applications used in the Corporate and Legal Affairs Department. He was responsible for automating the activities of the Law Department, and, among other accomplishments, created one of the first client-facing intranets in the country. He directed many substantial corporate transactions, including the $19 billion acquisition of Nabisco by Kraft. He successfully managed several antitrust cases as a plaintiff, where the company was able to recover substantial sums outside of the class action context. Ted is a graduate of Beloit College (B.A. Government) and the University of Denver Sturm College of Law, where he served as Editor-in-Chief of the Denver Journal of International Law and Policy. Ted has written numerous articles on antitrust, compliance, and legal automation topics. He co-edited the Corporate Legal Compliance Handbook, published by Aspen/Wolters-Kluwer, and is the author of a multi-volume treatise, Distribution Law: Antitrust Principles and Practice, also published by Aspen/Wolters-Kluwer. He is also the author of the chapter on antitrust compliance in the Antitrust Adviser, published by Thomson Reuters. He was a chapter author and one of the editors of the Antitrust Compliance Handbook, published by the ABA Section of Antitrust Law. In the ABA Cybersecurity Handbook, he wrote the chapter on cybersecurity for small businesses (and small law firms). He has been recognized as a “Super Lawyer,” as one of the “Attorneys Who Matter,” and one of 50 “Governance, Risk & Compliance Trailblazers and Pioneers.” He is a frequent speaker at professional education programs, where he strives not to bore the attendees too much.