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Home Free! Lindsay Lohan Expected To Escape Jail

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May 9 2011, Published 10:55 a.m. ET

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By Jen Heger

Breaking Celebrity News Legal Editor

Hollywood startlet Lindsay Lohan is not expected to serve any time in jail after she pleads no contest to a theft charge Wednesday!

Information leaked exclusively to Breaking Celebrity News indicate that Lohan's high-powered attorney, Shawn Holley, and the new prosecutor on the case, Melanie Chavira, just met with the judge presiding over all things Lindsay.

And the group decided Lohan would remain on the right side of the prison bars!

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When Lohan pleads, Judge Stephanie Sautner told the lawyers she would sentence the star of Mean Girls and Freaky Friday to another year's probation.

It's a stunning victory for Lohan, whose rap sheet is getting longer than her movie credits.

"Lindsay knows she dodged a major bullet," a source close to the situation said. "She doesn't like the fact she'll be on probation for another year, but it beats being in state prison."