Mat Hughes

Mat Hughes
6 New Street Square
+44 20 7098 7420


Who's Who Legal Competition: Economists

Mat Hughes is a managing director in AlixPartners’ European competition practice, which is part of a broader litigation practice. He has 29 years of experience as an antitrust economist, and in dealing with European and UK competition authorities and specialist utility regulators in relation to all aspects of competition law. Mat was described in the economists’ section of Who’s Who Legal: Competition (2015) “as one of the foremost competition economists in the UK”.

Mat is also acting in relation to a number of competition damages cases, including for three international car/truck companies and in relation to a pharmaceutical “pay-for-delay” case, and in relation to the polyurethane foam cartel.

Mat has acted for clients before the Competition and Market Authority (CMA)/Competition Commission (CC) on more than 30 cases covering detailed phase-two merger and market investigations, as well as on a very large number of first phase mergers. For example, Mat acted before the CMA in relation to its market investigations relating to personal current accounts and SME banking, acted before the CMA in relation to its private motor insurance investigation, and in relation to the CC’s Groceries investigation and in the subsequent remittal. As regards mergers, Mat acted on JD Sports/Go Outdoors (CMA), Ashtead/Lion (CMA), Ballyclare/LHD (CMA), Imerys/Goovean (CC), Kemira/GrowHow (CC), Billerud/Kinnervik (DG Comp), P&O/Stena (CC), Sky/ITV (CC), Arla/Milk Link (DG Comp), Ahlens/NK (Sweden second stage) and Edmundson Electrical/Electric Center (OFT).

Mat has also advised widely on the application on the economics of regulation and the interface between regulation, competition and consumers’ interests. This includes acting for British Gas of the first ever customer-led appeal of a network price control decision in the UK, a judicial review application for Speed Medical, and for various utilities.

Mat started his career as an economist at the UK Office of Fair Trading, and until March 2013 was chief economist at Ashurst LLP. Mat has a BA degree in economics and accountancy from the University of Kent at Canterbury, and an MSc in economics from Queen Mary College, University of London.

Mat has written and spoken widely on competition matters. This includes a series of articles on the economics of EU and UK merger control in ICLG’s Comparative Legal Guide to International Merger Control for many years (covering matters such as failing firm and efficiency defences, the economic assessment of retailer mergers, and the assessment of the competitive effects of mergers on innovation following the European Commission’s Dow/DuPont decision), a chapter in Global Legal Insight’s publication Merger Control 2017 on The economics of UK merger control: retrospect and prospect, and co-authoring the leading book on UK merger control (Parr, Finbow and Hughes, with the third edition being published in November 2016).

He has also written about the importance and application of economic evidence in stand-alone private actions in the UK courts from 2010 to 2014, a practical guide to the assessment of damages under UK and EC competition law, the certification of claims by the UK Competition Appeal Tribunal as eligible for inclusion in collective proceedings, the assessment of unilateral public price announcements, and (following the European Court of Justice’s judgment in Intel and the Commission’s Qualcomm decision) “Loyalty rebates – all change or business as usual”.

WWL says: Mat Hughes has over 25 years’ experience in the field of competition economics. One source notes, "He is able to work to tight deadlines and gives good sensible advice on how clients should approach the CMA.”

This biography is an extract from Who's Who Legal: Competition which can be purchased from our Shop.

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