My friend at Michigan (non-URM) got callbacks in New York with sub-median grades. Top 25% should be alright in NYC (one of the easier markets) unless you have a horrible personality.
I'm happy for your friend. This was not the norm. I know TONS of people at Virginia who were top 15-30% and got nothing in any market.
That said, I think for the time being most people really need to start looking outside the sphere of SA jobs (current 2Ls probably should have started looking a long time ago). Past stats are just not very useful. What makes matters worse is that everyone knows at least a few people who got great jobs with poor grades (such as the above). This leads to others' making poor decisions.