What is the difference between New Year's drinks and a New Year's reception?

Question

Accepted Answer

New Year's drinks are more informal and internally focused. Colleagues toast the new year together, often at the office or in a café. A New Year's reception has a more formal tone and is more often also intended for external guests such as customers, partners and business relations. A reception includes a welcome speech from the management. The venue is polished and the guest list carefully considered. The drinks event is more accessible and more spontaneous. The reception is a representative occasion that fits the company's image.