Nope. The frame hanging rails are too far apart. I tried one upside down which allowed the feet, so to speak, to be bent inward and be used as the hanging rail. But that doesn't really work out well either. I ended up gluing a couple pieces of hardboard into a Sys - IV (like vertical dividers) to hang folders. There is enough room to offset it towards one side leaving space on one end to stand a binder or the like.
Seth