Unless you are firmly set on gaming with 28mm minis, GW actually made a Warmaster version of Battle of the Five Armies (10mm), for which it would be easy to adapt the Mark Copplestone range mentioned earlier.
https://boardgamegeek.com/boardgame/16538/battle-five-armies
Smaller scale, and rules much better suited for really large battles; in the SBG each warrior fights, in the Warmaster version units fight.
I have (to my knowledge) all the different Warmaster rulesets, and thus access to a large number of different unit profiles, and have been toying with the idea of a War of the Ring project, but that being said, I'm a sucker for the Perrys' movie adaption minis of which I have a HUGE collection, so it is probably never going to happen..
I found this site a while ago. It is fan-based Warmaster updated :
http://warmaster-cz.blogspot.com/