There shall be such pretrial and prearbitration conference parts and calendars and such mandatory pretrial conferences as may be established by the Chief Administrator of the Courts. The attendance of attorneys who are familiar with the case and who are authorized to act shall be required. The court may also require the attendance of parties, and in the event of failure of attendance by attorneys or parties, the court shall have the same powers with respect to dismissals, defaults, or both, as it might exercise when a case is reached for trial. Upon the pretrial conference of an action, the judge presiding shall consider with counsel and parties the simplification and limitation of the issues and the obtaining of admissions of facts and of documents to avoid unnecessary proof, as well as the ultimate disposition of the action by settlement or compromise.