Yes, click on the palette template menu above the palette and select any of the 4 templates (horizontal strip, vertical strip, steps, flowing list). 

You can also change the # and size of color blocks, remove borders, edit color captions, titles under ‘Settings’ 

 
Note: you can change your template at any point in the process. Please note at any change you make in the order of color or any additions and deletion of colors will reflect immediately in all palettes, but other settings changed you make will save.