Corry is a forceful leader who commands respect amongst his peers for his sheer will, force of personality and commitment to lead by example.
He will start at blindside flanker and in many ways is very similar to Dallaglio, who required surgery after suffering a serious dislocated fracture of his right ankle.
Corry will be assisted by vice-captain Will Greenwood, who makes his first appearance of the campaign along with his fellow England colleagues Charlie Hodgson, the fly-half, and hooker Andy Titterrell.
Scottish scrum-half Chris Cusiter gets his first chance to challenge Dwayne Peel while the Lions' bench features Jonny Wilkinson and four players who started against the Bay of Plenty.
Martyn Williams, who came through his first game in six weeks in impressive fashion, is amongst the replacements along with Ben Kay, Gethin Jenkins and Gavin Henson.
British & Irish Lions team to play Taranaki in New Plymouth:
G Murphy (Leicester and Ireland); S Horgan (Leinster and Ireland), W Greenwood (Harlequins and England), O Smith (Leicester and England), D Hickie (Leinster and Ireland); C Hodgson (Sale and England), C Cusiter (Borders and Scotland); G Rowntree (Leicester and England), A Titterrell (Sale and England), J Hayes (Munster and Ireland), D O'Callaghan (Munster and Ireland), D Grewcock (Bath and England), M Corry (Leicester and England, capt), L Moody (Leicester and England), M Owen (Newport Gwent Dragons and Wales).
Replacements: S Byrne (Leinster and Ireland), G Jenkins (Cardiff and Wales), B Kay (Leicester and England), M Williams (Cardiff and Wales), G Cooper (Newport Gwent Dragons and Wales), J Wilkinson (Newcastle and England), G Henson (Neath Swansea Ospreys and Wales).