For most blades I use a homemade file guide and a small half round file with a flat ground on one side, like James says. For big choppers I use the same set up, but a larger file. For some small blades I have used a chainsaw file, but I like the half round file better. I used a flat file for a few blades when I was starting out, because I liked the look of the sharp transition it created, but I grew wary of the stress riser it caused and started using the half round.
Most makers that I know use their grinder, but I can't seem to keep them even that way.
Todd