formencode has a classinstancemethod decorator, which does what what you want. It requires the method to have 2 arguments (self and cls, one of them could get passed None depending on calling context)
Lifted from formencode/declarative.py
class classinstancemethod(object):
    """
    Acts like a class method when called from a class, like an
    instance method when called by an instance.  The method should
    take two arguments, 'self' and 'cls'; one of these will be None
    depending on how the method was called.
    """
    def __init__(self, func):
        self.func = func
    def __get__(self, obj, type=None):
        return _methodwrapper(self.func, obj=obj, type=type)
class _methodwrapper(object):
    def __init__(self, func, obj, type):
        self.func = func
        self.obj = obj
        self.type = type
    def __call__(self, *args, **kw):
        assert not kw.has_key('self') and not kw.has_key('cls'), (
            "You cannot use 'self' or 'cls' arguments to a "
            "classinstancemethod")
        return self.func(*((self.obj, self.type) + args), **kw)
    def __repr__(self):
        if self.obj is None:
            return ('<bound class method %s.%s>'
                    % (self.type.__name__, self.func.func_name))
        else:
            return ('<bound method %s.%s of %r>'
                    % (self.type.__name__, self.func.func_name, self.obj))
Sample usage
class A(object):
    data = 5
    @classinstancemethod
    def print_(self=None, cls=None):
        ctx = self or cls
        print ctx.data
>>> A.print_()
5
>>> a = A()
>>> a.data = 4
>>> a.print_()
4