The U.S. Supreme Court no longer requires sentencing guidelines for white-collar crimes, but the sentencing judge remains an important part of the equation, according to Buchanan Ingersoll & Rooney litigator Barry I. Slotnick.

“The judge you draw in a financial-crime situation is extremely important,” Slotnick told Bloomberg News. “You have to hope you get a judge who has a sense of leniency or that you are acquitted by a jury.”

More from Slotnick on insider trading – “Buchanan White-Collar Defense Shareholder Barry I. Slotnick Quoted on Rajat Gupta Insider Trading Trial” – June 14, 2012