A double hinged binder includes a binder spine, a front flange, a front cover, a rear cover, each having a first and a second longitudinal edge, a label holder means provided on said binder spine and front flange and a plurality of rings disposed on the internal surface of the rear cover. The first longitudinal edge of the front flange is attached to the first longitudinal edge of the binder spine. The first longitudinal edge of the rear cover is attached to the second longitudinal edge of the binder spine. The first longitudinal edge of the front cover is attached to the second longitudinal edge of the front flange while the second longitudinal edge of the front cover is rotatably free. While the second longitudinal edge of the rear cover is rotatably free.